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 in BET+,” Paramount rep said in a statement. “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.”
The move was first reported by Deadline.
Here is the memo from BET president Louis Carr to staff about the changes:
Team BET,
As we continue to drive BET’s growth, our stories have to live in more places. Beginning in June, we are expanding our reach by making Paramount+ the new home for BET+ content. This powerful next step ensures the stories we champion, the creators we support and the culture we represent go further than ever before.
Paramount+ will bring global fans over 1,000 hours of iconic series, films, originals and cultural touchstones that reflect the full spectrum of the Black experience, including hits like THE MS. PAT SHOW, ALL THE QUEEN’S MEN, ZATIMA, AVERAGE JOE and DIARRA FROM DETROIT. Our celebrated Black storytelling will live alongside Paramount’s premium series, sports, specials and films, where it will be clearly branded, prominently featured and easy to find in the BET Hub.
BET is a cornerstone of Black culture and an essential part of Paramount’s portfolio and long‑term content strategy. BET’s linear channel will continue to have a strong presence, and BET Studios remains fully active, producing the compelling, creator‑driven content that defines who we are. BET Digital remains central to our multiplatform strategy as well, driving real-time conversation, audience engagement and measurable growth across social and emerging platforms.
BET has already seen strong momentum by meeting audiences where they are. Through the growth of our FAST channels, we have expanded reach, increased engagement and introduced BET content to new viewers.
What I want you to take away today is this: BET remains strong because of you, your creativity, your resilience and your unwavering belief in the power of our stories. This moment is about growth and about ensuring BET’s voice continues to shape culture at an even greater global scale.
Thank you for everything you’ve done and continue to do to move this brand forward.
– Louis
Leave a Reply