Jarret and Raja Productions Shark Tank Update – Shark Tank Season 7
After dazzling the Sharks with a combined magic-and-music performance in Shark Tank Season 7, Jarrett & Raja walked away without a deal, but gained huge exposure.
Jarret Parker and Raja Rahman, also known as “The Magic and Piano Guys,” pitched their production company, Jarret and Raja Productions, to the Sharks in Shark Tank Season 7 Episode 25.
Check more information on Shark Tank Season 7 Episodes.
About Jarret and Raja Productions
| Category | Details |
|---|---|
| Business Name | Jarret and Raja Productions |
| Founders | Jarret Parker and Raja Rahman |
| Industry | Film/Entertainment |
| Product | Stage Performance Arts |
| Deal Status | No Deal |
| Investment Asked | $750,000 for 40% equity |
The two Juilliard School-trained performers began their stage career in New York with an act that features magic, music, and comedy.
They went on to perform in many Las Vegas venues and toured the world, culminating in a two-year run (2010-2012) in Asia as headliners, in Singapore’s $35M Cirque du Soleil production, “Voyage de la Vie.”
They also had a good run in “America’s Got Talent,” season seven, and they were chosen to perform in the live AGT show at the Palazzo Hotel in Las Vegas.
The pair also did many corporate events for big companies. In 2015, they did a lot of TV, appearing in 3 episodes of the CW’s “Masters of Illusion”, SyFy’s “Wizard Wars”, and “The CBS Late Show with Stephen Colbert.”
The two performers probably want a Shark to bring a little magic (and cash) to their production efforts. Will a Shark think this is a magical investment?
Jarret and Raja Productions Shark Tank Recap
Jarrett and Raja came to the Sharks seeking an investment of $750,000 in return for 40% of their company. The pair wanted the investment to develop a new spectacle, titled “Miracles,” for the Vegas strip.
Robert Herjavec jokingly commented that if they ran the illusion again with Barbara Corcoran as the star, he would give them the $750,000.
Raja explained that, in order to put the production on, they needed to come to the venue fully funded. They were in negotiations with a property to put on their production.
They had a venue that seated 1,600, and they could sell tickets at $19.95, with one show a day.
Robert Herjavec believed that the demographic coming to Vegas was getting younger and that the casinos weren’t investing in magic shows because they weren’t drawing in the crowds.
He asked the pair how many acts that got their start in Vegas actually went on to reach the level of Siegfried and Roy.
Did Jarret and Raja Productions Get a Deal on Shark Tank?
Mark Cuban mentioned that, having produced movies, he understood the challenges and risks involved in launching a new show.
He believed the risks were too great, and he was out. Barbara Corcoran agreed, calling the business a “crap shoot” before following Mark’s suit.
Robert Herjavec said he would be “more comfortable if you had a following or a brand.” He thought the investment was too risky.
“It’s virtually impossible,” he said, “to make money the way you’re trying to do it,” referring to the intense competition for magic shows in Vegas.
The pair hadn’t convinced him that their show was unique enough to grab the attention of Vegas crowds. He was out.
Kevin O’Leary agreed. “Guys, I consider risk/return. Too risky. I’m out.”
Lori Greiner had some advice for the pair. She told them to leave behind the idea of launching their show in Vegas and instead focus on another major city like Chicago. She liked what they were doing, but felt they were pursuing the wrong market. She was out.
The pair, like other performance artists before them, left the Shark Tank with no deal.
Jarret and Raja Productions Shark Tank Update
In spite of their failure to get a deal with a Shark, Jarrett & Raja Productions did land a deal with a production company.
Their show, newly titled “One Epic Night,” has appeared in several major venues, including Las Vegas. The pair also made it onto America’s Got Talent, cementing the upward trajectory of their joint career.
Raja admitted in a post-airing interview that the pair never expected to land a Shark deal. “We went on primarily for the exposure,” he recounted.
The pair got what they came for – they were spotted by producers who went on to sponsor them in more and more ambitious projects. Their dream of being the “next Siegfried and Roy” may not be an illusion, after all.
They continued to work in Vegas with stints at the Stratosphere and Caesar’s Palace. Like a lot of people, when the COVID-19 pandemic shut down Las Vegas, the guys were out of gigs.
As of October 2022, they were performing their Magic vs. Music show Wednesday through Sunday at 4 PM at the Stratosphere Hotel and Casino. That has now ceased to exist, but the duo seems to be active and involved in the show circuit around the country.
Posts About Jarret and Raja Productions on Shark Tank Blog
Read more on Jarret and Raja’s Miracles: The Show.
Where Can You Buy It?
Although their website has gone dark and they don’t actively perform anymore, you can keep up with them on their Facebook and Twitter (X).
Quick Summary
- Jarret and Raja asked the Sharks for $750,000 to launch their magic and music show in Las Vegas.
- The Sharks all backed out, saying the idea was too risky and Vegas was too crowded for new acts.
- They didn’t get a deal but kept performing in Vegas and across the country with new shows.
Want to know more about the businesses that appeared on the same episode? Check their business updates!
