Paramount Global has officially announced its acquisition of Tyler Perry Studios’ ownership stake in the streaming platform BET+. This significant move will transform the company’s digital streaming landscape.
As part of the transition, BET+ will no longer function as an independent service. Instead, its extensive library, boasting over 1,000 hours of content, will be incorporated into the Paramount+ streaming platform by June 2026.
While the financial specifics of the deal remain undisclosed, industry experts speculate that the transaction is valued in the tens of millions of dollars.
This acquisition is a key element of Paramount’s initiative to bolster its global streaming presence and enhance its competitiveness within the digital entertainment sector.
In a communication to employees, BET Networks President Louis Carr described this transition as an opportunity to broaden the platform’s storytelling outreach. “This powerful next step ensures the stories we champion, the creators we support, and the culture we represent reach a larger audience than ever before,” remarked Carr. He emphasised that “Paramount+ will provide global fans access to over 1,000 hours of iconic series and films that celebrate the rich diversity of Black experiences.”
Under this new framework, popular shows like The Ms Pat Show, All The Queen’s Men, and Zatima will be accessible through a dedicated BET section within the Paramount+ platform.
Despite selling his stake in BET+, Tyler Perry is expected to maintain his long-standing creative partnership with BET. The network will continue to operate its traditional television channels alongside its FAST (Free Ad-Supported Streaming Television) channels, which prominently feature Perry’s productions.
