Paramount Acquires Tyler Perry’s BET Stake as BET+ Prepares to Shut Down

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Paramount Global is reportedly acquiring Tyler Perry’s minority ownership stake in BET, marking a major shift in the network’s ownership structure.

Along with the acquisition, BET is also preparing to shut down its standalone streaming platform BET+. According to reports from Variety, the service’s content library will be integrated into Paramount+ beginning in June.

The move is expected to consolidate BET’s digital programming under Paramount’s broader streaming ecosystem, giving subscribers access to BET+ originals and catalog titles through Paramount+.

The transition signals another step in the ongoing shift within the streaming industry, as media companies streamline their platforms and combine content libraries to strengthen their main services.

Paramount is acquiring Tyler Perry‘s minority ownership stake in BET, and BET is shutting down BET+.

The BET+ content will be folded into the Paramount+ service in June https://t.co/UZ5yh3Co2T

— philip lewis (@Phil_Lewis_) March 13, 2026