AceShowbiz
 
BET+ to Merge Into Paramount+ After Tyler Perry Sells Stake
Instagram/Tyler Perry
TV

BET+ merges into Paramount+ this year. Over 1,000 hours of content will move, consolidating Paramount's U.S. streaming.

AceShowbiz - BET+ is preparing to merge into Paramount+ later this year, making the latter the sole subscription streaming service for the company in the U.S.

The decision was revealed internally by BET Networks president Louis Carr and will result in the transfer of over 1,000 hours of programming from BET+ to Paramount+. This consolidation is scheduled to begin in June.

This move follows Paramount’s recent acquisition of the minority equity stake in BET+ that was owned by Tyler Perry Studios. Since the platform’s launch in 2019, Perry had reportedly held about a 25 percent ownership share, which had been valued in the tens of millions, though exact financial details of the transaction were not disclosed.

In a statement to Deadline, a Paramount representative confirmed the acquisition, emphasizing the shared goal to broaden the audience for BET content. They also noted that Tyler Perry will remain an important collaborator through his ongoing programming agreement with the company.

Current BET+ subscribers who accessed the service via the standalone app will be provided with a discounted option to transition to Paramount+ once the BET+ app is discontinued. From that point on, all original and licensed content from BET+ will be available within the existing BET content hub on Paramount+.

The extensive catalog migrating to Paramount+ includes popular series such as All The Queen's Men, Divorced Sistas, and The Ms. Pat Show. This integration will significantly expand the programming’s reach, bringing the estimated 3.5 million BET+ subscribers onto a platform that boasts approximately 80 million users worldwide.

About This Article

AI-Assisted Content: This article was created with the assistance of artificial intelligence technology under human editorial oversight. Our editorial team reviews and verifies all AI-generated content for accuracy.

Sources: Information in this article may be aggregated from publicly available sources including press releases, news agencies, and entertainment industry sources. We provide attribution where applicable and strive to ensure factual accuracy.

Learn More: For details about our editorial standards and practices, visit our Editorial Standards page.

Contact: Questions or concerns? Email us at [email protected]

Follow AceShowbiz.com @ Google News

You can share this post!

You might also like