Paramount acquires Tyler Perry’s stake in BET+, merging with Paramount+

Paramount recently acquired Tyler Perry Studios’ stake in BET+, paving the way for the integration of the streaming service into Paramount+ in June. This move will bring over 1,000 hours of BET+ content, including popular originals like “The Ms. Pat Show” and “All the Queen’s Men,” to the Paramount+ platform.

In a memo to staff, BET Networks President Louis Carr expressed excitement about this collaboration, emphasizing the importance of showcasing diverse Black storytelling alongside Paramount’s premium series, sports, and films. The BET Hub within Paramount+ will make it easy for viewers to access and enjoy this content seamlessly.

As part of the transition, Paramount purchased Tyler Perry Studios’ equity stake in BET+. While the financial details of the deal were not disclosed, it is a significant step in expanding the reach of BET content. Tyler Perry will continue to be a valuable partner through his overall programming agreement with Paramount.

BET+ is the latest brand to join the Paramount+ family, following the integration of Showtime in 2023. With approximately 3.5 million subscribers, BET+ has established itself as a popular streaming service. Paramount, with 79 million subscribers, is poised to enhance its content offerings through this collaboration.

Looking ahead, Paramount’s CEO David Ellison has outlined plans to consolidate Paramount+, Pluto TV, and BET+ on a unified backend infrastructure by mid-2026. The company’s upcoming merger with Warner Bros. Discovery is expected to further enhance its streaming reach, creating new opportunities for growth and innovation.

Despite these changes, Carr reassured employees that the BET linear channel will maintain a strong presence, emphasizing the importance of BET Studios and BET Digital in the company’s continued success. The goal is to amplify BET’s voice on a global scale and continue shaping culture through compelling storytelling.

In conclusion, the integration of BET+ into Paramount+ represents a significant milestone for both companies. By coming together, they aim to offer viewers a diverse range of content that reflects the rich tapestry of Black culture. This exciting partnership is set to enrich the streaming landscape and provide audiences with even more entertainment options to enjoy.