Paramount Buys Out Tyler Perry Stake in BET+, Content to Be Merged Into Paramount+
Under the ownership of Paramount Skydance, BET has made the decision to shut down its subscription service, BET+, and merge its content with the flagship streaming platform, Paramount+. Along with this move, Paramount has also acquired Tyler Perry’s minority ownership stake in BET+, although the terms of this transaction have not been disclosed.
A representative from Paramount stated, “As part of this evolution, Paramount acquired Tyler Perry Studios’ equity stake in BET+. We share the same ambition to expand the reach of BET content, and Tyler will continue to be a valued and important partner through his overall programming agreement.”
This development was first reported by Deadline, signaling a significant shift in the streaming landscape. BET President Louis Carr shared a memo with the staff, outlining the changes and emphasizing the importance of expanding BET’s reach through Paramount+.
Starting in June, Paramount+ will become the new home for BET+ content, offering viewers over 1,000 hours of iconic series, films, originals, and cultural touchstones that represent the full spectrum of the Black experience. Popular shows like “THE MS. PAT SHOW,” “ALL THE QUEEN’S MEN,” “ZATIMA,” “AVERAGE JOE,” and “DIARRA FROM DETROIT” will be featured alongside Paramount’s premium content in the BET Hub.
Despite this shift, BET’s linear channel will continue to be a prominent part of Black culture, and BET Studios will remain active in producing creator-driven content. Additionally, BET Digital will continue to play a central role in the multiplatform strategy, engaging audiences across social and emerging platforms.
Louis Carr expressed gratitude to the staff for their creativity and resilience, highlighting the importance of BET’s storytelling in shaping culture. The focus is on growth and ensuring that BET’s voice continues to resonate on a global scale.
This strategic move reflects the changing landscape of streaming services and the importance of reaching a wider audience. By integrating BET+ content into Paramount+, BET aims to amplify its impact and connect with viewers in new and innovative ways.
