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Tyler Perry Eyes Majority BET Stake Amid Paramount’s Sell-Off

March 7, 2023 | By Kali Girl

Although representatives for Tyler Perry and Paramount have declined to comment, reportedly Perry is has shown interest in the possibility of acquiring a controlling stake in BET, reports the Los Angeles Times.

The network’s owner Paramount Global is currently seeking a significant partner and discussions with Perry are in the initial stages.

Should the two powerhouses establish this potential partnership, this would bring together two influential players in media and African American culture.

Paramount Global, previously known as ViacomCBS, has been exploring various methods to increase its financial resources through numerous asset sales in an effort to reduce debt and concentrate on structuring its Paramount+ streaming service.

Paramount is aware of the value of BET and its profitable streaming platform, BET+, and desires to hold onto a stake in the enterprise.

Tyler Perry Studios already holds a minority stake in BET+, so a partnership would only further expand this current collaboration.

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