BET+ Is Officially Concluding as Paramount Integrates the Platform and Acquires Tyler Perry’s Stake
BET+ is officially bidding farewell, and Tyler Perry is divesting his stake in the platform. Paramount Skydance will be discontinuing its standalone streaming service and integrating its catalog into Paramount+ beginning in June 2026.
Paramount has acquired Tyler Perry Studios’ minority stake in BET+ as part of the transition, a stake that the filmmaker obtained through a production deal in 2019. The financial specifics remain undisclosed; however, Perry previously owned a 25 percent stake in the service.
BET+ was launched in September 2019, shortly before Viacom merged with CBS to create Paramount Global. The platform swiftly evolved into a center for original series, films, and classic programming focused on Black narratives. Subscribers now pay $5.99 monthly with ads or $9.99 without ads for access to over 1,000 hours of content. Paramount now intends to unify that library under its main streaming service.
A representative from Paramount stated, “As part of this evolution, Paramount acquired Tyler Perry Studios’ equity stake in BET+.” “We have a mutual goal to broaden the audience for BET content, and Tyler will remain a significant and valued partner under his overall programming agreement.”
Louis Carr, president of BET, communicated with staff through a memo outlining the rationale for the strategic change.
“Starting in June, we will broaden our reach by designating Paramount+ as the new home for BET+ content,” Carr stated. “This impactful next step guarantees that the stories we advocate for, the creators we uplift, and the culture we embody reach new heights.”
Carr also highlighted that BET is here to stay. BET Studios and BET Digital will remain in operation, as Paramount+ launches a dedicated BET Hub that will showcase shows such as “The Ms. Pat Show,” “All the Queen’s Men,” “Zatima,” “Average Joe,” and “Diarra From Detroit.”
