Paramount acquires Tyler Perry's stake in BET+ and merges service with Paramount+

Paramount is shutting down the BET+ streaming service and integrating its content into Paramount+ starting in June 2026. The company is also buying out Tyler Perry's 25% ownership stake in BET+. This move aims to expand the reach of BET's programming while maintaining other BET operations.

Under the ownership of Paramount Skydance, BET+ will cease operations as a standalone subscription service, with its library merging into the main Paramount+ platform from June 2026 onward. The service, which launched in September 2019 shortly before the Viacom-CBS merger that created Paramount Global, offers over 1,000 hours of programming for $5.99 per month with ads or $9.99 without.

Paramount has acquired the minority stake held by Tyler Perry, who gained 25% ownership through a 2019 production deal. Financial terms of the acquisition remain undisclosed. A Paramount representative stated, “As part of this evolution, Paramount acquired Tyler Perry Studios’ equity stake in BET+. We share the same ambition to expand the reach of BET content, and Tyler will continue to be a valued and important partner through his overall programming agreement.” A spokesperson for Perry declined to comment, and the news was initially reported by Deadline.

BET President Louis Carr addressed the change in a memo to staff, describing Paramount+ as the new home for BET+ content. He wrote, “This powerful next step ensures the stories we champion, the creators we support and the culture we represent go further than ever before.” Carr highlighted that the merged content, including series such as The Ms. Pat Show, All the Queen’s Men, Zatima, Average Joe, and Diarra from Detroit, will be featured in a dedicated BET Hub on Paramount+, alongside other premium offerings like series, sports, specials, and films.

BET's linear television channel, in-house production arm BET Studios, and digital operations will continue unchanged. Carr emphasized BET's role as a cornerstone of Black culture and a key element of Paramount's long-term strategy, noting recent growth through free ad-supported streaming channels. The transition seeks to broaden global access to BET's storytelling without disrupting core activities.

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Illustration of executives from Paramount Skydance and Warner Bros. Discovery shaking hands to seal $31/share merger deal in a boardroom, symbolizing media industry consolidation.
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Paramount Skydance set to acquire Warner Bros. Discovery after Netflix exit

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Netflix has withdrawn from its planned acquisition of parts of Warner Bros. Discovery, paving the way for Paramount Skydance to buy the entire company. The deal, valued at $31 per share, includes commitments to maintain theatrical releases and faces regulatory scrutiny. Both companies aim to combine their struggling streaming and cable operations for greater profitability.

Paramount+ has released its schedule for new content arriving in February 2026, featuring original series premieres and a wide array of movies and sports events. Highlights include the finale of the Showtime series Coldwater and the second season of the comedy Dreaming Whilst Black. Subscribers can also expect new episodes of ongoing shows like Star Trek: Starfleet Academy and School Spirits season 3.

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Paramount Skydance has finalized a $110 billion agreement to acquire Warner Bros. Discovery, outbidding Netflix after months of competition. The deal, valued at $31 per share, includes commitments to theatrical releases but faces immediate antitrust scrutiny from state attorneys general. Netflix received a $2.8 billion termination fee upon walking away from its prior bid.

Netflix has declined to match Paramount Skydance's superior $31 per share offer for Warner Bros. Discovery, clearing the path for a potential merger valued at around $111 billion. Warner Bros. Discovery CEO David Zaslav expressed well-wishes to Netflix while voicing excitement about partnering with Paramount. The decision follows a competitive auction process that began last fall amid regulatory and political scrutiny.

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Staffers at Cnn express significant concerns over Warner Bros. Discovery's decision to pursue a deal with Paramount Skydance instead of Netflix, fearing it will undermine the network's independent journalism. Employees describe themselves as devastated and dread the potential influence from Paramount's management of Cbs News. The shift follows Netflix's withdrawal from a prior agreement, which Warner deemed inferior to Paramount's revised bid.

Paramount+ has unveiled its weekly lineup of new TV shows and movies for the period from January 12 to 18, 2026. The schedule highlights fresh content arriving on the streaming platform during that time.

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Paramount+ is set to launch several new series and movies in January 2026, highlighted by the premiere of Star Trek: Starfleet Academy. The streaming service will also host live awards coverage and sports events, alongside a finale for Landman season 2. Subscribers can expect a mix of original content and classic films starting the new year.

 

 

 

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