A major shift has come for BET+.
Paramount, BET’s parent company, will fold the streamer into Paramount+ beginning in June, moving more than 1,000 hours of BET+ content — including original series, movies, and specials — onto the company’s main streaming platform. In the process, Paramount also acquired Tyler Perry’s stake in the service.
The news was first reported by Deadline, which cited an internal memo from BET president Louis Carr. “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,” Carr wrote. “This powerful next step ensures the stories we champion, the creators we support and the culture we represent go further than ever before.”
Perry’s stake in BET+ was believed to be 25 percent. Financial details of the deal were not released, though his share had been valued at tens of millions of dollars. In a statement, a Paramount spokesperson said: “As part of this evolution, Paramount acquired Tyler Perry Studios’ equity stake in BET+. 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 does not affect Perry’s current multi-year deal with BET Media Group, which was announced in 2024 and runs through 2028. BET+ has been home to several of Perry’s series, including Sistas, The Oval, Zatima, Bruh, and All the Queen’s Men.
For current BET+ subscribers who signed up directly through the app, Paramount will offer a discount to join Paramount+ once the BET+ app is taken offline later this summer. BET+ currently costs $5.99 a month for Essential and $10.99 for Premium, while Paramount+ charges $8.99 and $13.99 a month for similar tiers. BET+ has more than 3 million subscribers, compared to 80 million for Paramount+.
Carr also said the shift will not change BET’s broader footprint inside the company. “BET is a cornerstone of Black culture and an essential part of Paramount’s portfolio and long-term content strategy,” he wrote. “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.”