Paramount Buys Out Tyler Perry’s Stake in BET+, Plans To Fold It Under Paramount+

Paramount Skydance has acquired Tyler Perry’s stake in BET+ and will fold it into Paramount+ at the beginning of June.

Perry had held a 25 percent stake in BET’s streaming service since 2019. Now, the more than 1,000 hours of content on BET+ will move to Paramount+.

Perry is still under an overall deal with BET Media Group that will run through 2028. He will continue delivering content to BET and now Paramount+.

In an internal memo, Louis Carr, president of BET Networks, said, “As we continue to drive BET’s growth, our stories have to live in more places. Beginning in June, we are expanding our reach by making Paramount+ the new home for BET+ content. This powerful next step ensures the stories we champion, the creators we support and the culture we represent go further than ever before.

“Paramount+ will bring global fans over 1,000 hours of iconic series, films, originals and cultural touchstones that reflect the full spectrum of the Black experience, including hits like The Ms. Pat Show, All The Queen’s Men, Zatima, Average Joe and Diarra from Detroit. Our celebrated Black storytelling will live alongside Paramount’s premium series, sports, specials and films, where it will be clearly branded, prominently featured and easy to find in the BET Hub.”