Tyler Perry’s BET+ stake acquired by Paramount for merger with Paramount+

Big news for fans of BET+! Paramount, the parent company of BET, has decided to merge BET+ into Paramount+ starting in June. This means that over 1,000 hours of content, including original series, movies, and specials, will now be available on Paramount+. In addition to this exciting merger, Paramount has also acquired Tyler Perry’s substantial stake in the company.

BET President, Louis Carr, shared this news in an internal memo, emphasizing the importance of expanding BET’s reach and ensuring that their stories, creators, and culture reach a wider audience than ever before. The details of Tyler Perry’s stake in the company have not been made public, but it is estimated to be around 25 percent and valued in the tens of millions of dollars.

This move is a significant step in bringing more diverse and engaging content to Paramount+ viewers and solidifying the legacy of BET within the larger streaming network. Stay tuned for more updates as this exciting transition unfolds!