Trending Now - Paramount Acquires Tyler Perry's BET+ Stake, Merging it With Paramount+
WHO:
Louis Carr, BET president, stated in a staff memo that BET is a "cornerstone of Black culture" and an "essential part of Paramount’s portfolio and long‑term content strategy."
Tyler Perry, media mogul and multihyphenate
Paramount Skydance, parent company of BET+
David Ellison, CEO of Paramount
Louis Carr, BET president
Scott Mills, former CEO of BET
WHAT:
BET+ is shutting down and will merge its content into Paramount+ starting in June 2026.
The programming moving to Paramount+ includes "All the Queen’s Men," "Zatima," "The Ms. Pat Show," and "Diarra From Detroit."
The terms of the buyout for Perry’s stake in BET+ were not disclosed but are likely in the eight-figure range.
Tyler Perry sold his 25% ownership stake in BET+ to Paramount Skydance.
BET+ will be merged into Paramount+ starting in June 2026.
The merger will bring over 1,000 hours of content to Paramount+.
BET+ currently costs $5.99/month (with ads) and $9.99/month (without ads).
BET+ was launched in September 2019.
Perry will continue to create shows for BET through a new content partnership.
WHERE:
Paramount+ will serve as the new home for BET+ content.
WHEN:
The merger of BET+ content into Paramount+ will begin in June 2026.
The merger of BET+ into Paramount+ will begin in June 2026.
BET+ was launched in September 2019.
WHY:
The merger is intended to ensure that BET's stories and creators reach a wider audience and to enhance Paramount's streaming service.
The acquisition allows Paramount to scale up its streaming service and compete better against Netflix, Disney+, and other streaming giants.
The merger is part of a strategy to ensure BET's content reaches a wider audience.
HOW:
The acquisition of Perry's stake is part of a broader strategy to consolidate Paramount's streaming operations under one umbrella.
Paramount acquired Perry's equity stake in BET+ as part of a restructuring effort.
BET+ content will be integrated into the Paramount+ platform, allowing for cost-cutting and efficiency.
(UPDATED March 14, 2026 05:22 UTC)
In a significant move for the entertainment industry, BET president Louis Carr announced that BET+ will shut down and merge its content into Paramount+ starting in June 2026, emphasizing that BET is a cornerstone of Black culture and essential to Paramount's long-term strategy. The programming making the transition includes popular shows like "All the Queen’s Men," "Zatima," "The Ms. Pat Show," and "Diarra From Detroit," while the terms of the buyout for Tyler Perry's stake in BET+ remain undisclosed but are expected to be in the eight-figure range. This merger aims to broaden the reach of BET's stories and creators, enhancing Paramount's streaming service as part of a larger consolidation effort.
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(UPDATED March 14, 2026 03:45 UTC)
Tyler Perry has sold his 25% ownership stake in BET+ to Paramount Skydance, which plans to merge the streaming service into Paramount+ starting in June 2026. This merger will add over 1,000 hours of content to Paramount+ and is part of a strategy to enhance its competitive edge against streaming giants like Netflix and Disney+. Perry will continue to create shows for BET through a new content partnership, ensuring that BET's offerings reach a wider audience.