BET+ To Be Folded Into Paramount+ As Tyler Perry’s Stake Is Acquired By Paramount

EXCLUSIVE: And then there was one. Paramount, which three years ago had three SVOD platforms available in the U.S., will soon have only one.

13 Mar, 20:35 — 13 Mar, 21:32

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Why this matters

Paramount Global is streamlining its streaming strategy by consolidating its platforms. The acquisition and integration of BET+ into Paramount+ marks a significant shift, reducing the number of Paramount's U.S. SVOD services from three to one, aiming for greater efficiency and a stronger market position.

Key entitiesParamount Tyler Perry BET+Paramount+Skydance

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varietyMostly Factual25d ago

Paramount Skydance Buying Out Tyler Perry’s Stake in BET+; Streaming Service to Be Phased Out and Content Merged With Paramount+

Under Paramount Skydance’s ownership, BET is shutting down BET+ and will merge the content on the subscription service with the flagship Paramount+ streamer. In addition, Paramount is acquiring Tyler Perry’s minority ownership stake in BET+. Terms of that transaction are not being disclosed. “As part of this evolution, Paramount acquired Tyler Perry Studios’ equity stake […]

By Todd Spangler

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hollywood-reporterMostly Factual25d ago

Paramount Buys Out Tyler Perry Stake in BET+, Will Fold Streamer into Paramount+

About a thousand hours of BET+ programming will migrate in June.

By Rick Porter

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deadlineMostly Factual25d ago