Paramount Acquires Tyler Perry Stake in BET+ for Integration into Paramount+

Paramount Skydance has made a big move, snapping up Tyler Perry’s share in BET+. What does this mean? Well, BET+ will be saying goodbye as the streaming service is phased out, and its content will merge with Paramount+, staying put under the Paramount Skydance banner starting from June.

Tyler Perry, the media mogul who held a 25% stake in BET+ since a production deal with Paramount back in 2019, is parting ways with his stake in BET+. The details of this deal are being kept mum for now, though.

BET+ currently offers a wide range of content for $5.99/month with ads and $9.99/month without. With over a thousand hours of programming on the platform, it has been a go-to for many since its launch just before Viacom and CBS merged to form Paramount Global in 2019.

Louis Carr, President of BET, shared in a memo to the team that BET+ content will now find its new home on Paramount+ come June 2026. This decision follows the leadership transition after former CEO Scott Mills’s departure.

Paramount spokesperson mentioned, “We’re thrilled to have Tyler Perry Studios’ equity stake on board as we look to broaden the reach of BET content. Tyler’s partnership is crucial for us moving forward.” Perry’s team, however, had no comment on the matter. Deadline was first to put this news out.

Carr explained, “It’s an exciting move that will bring all the stories we love on BET+ to a larger audience through Paramount+. This merger is just the next chapter in our journey.”