in Business & Opportunities, Entertainment

Tyler Perry In Talks To Buy Majority Stake in BET Media Group From Paramount Global

According to The Hollywood Reporter, Paramount is in talks to sell its majority investment in BET, and Perry is interested.

ALSO READ:  Why I Paid Cicely Tyson $1M For Just A Day’s Work - Tyler Perry Reveals

Perry, a longtime BET collaborator, has been involved in discussions to make the purchase. In 2017, Paramount made the choice to sell its interest. But, an inside source has disclosed that the talks may be coming to an end shortly.

If Perry makes the deal, he will own the network that hosts some of his shows such as “Sistas,” “The Oval,” “House of Payne,” and others.

 

 

As of this writing, Perry is not assured to close the contract because negotiations are still in the early stages.

Having said that, The Hollywood Reporter adds that “other parties are known to have indicated interest in the BET businesses.”

According to a representative, one of those parties may be Byron Allen.

“Byron Allen is interested in buying BET, and he will be pursuing the acquisition of the network,” said the rep, the outlet reports.

Perry’s relationship with the platform runs deep.

Aside from hosting some of his hit shows on BET, Perry is also a stakeholder in BET+, the company’s streaming platform.

If the Madea creator signs the agreement, he will gain not just access to widely spread cable channels, but also control of a streaming service that might grow into its own business.

Furthermore, if the deal is completed, Paramount would seek to retain both its minority share and a commercial connection with the company.

According to Britannica, Robert L. Johnson created BET in 1980. According to the Wall Street Journal, Paramount (previously known as Viacom) purchased the company for $2.3 billion in 2000.

 

 

BET Media GroupParamount GlobalTyler Perry

apple watch

Apple is Reportedly Working on a Diabetes Monitor that Alerts Those Who Are Pre-diabetic
creed III

‘Creed III’ Breaks Box Office Records