Paramount Skydance to Acquire Tyler Perry's Stake in BET+, Merge Streaming Service into Paramount+

BET+ will be phased out as its content is integrated into the Paramount+ platform.

Mar. 13, 2026 at 9:07pm

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Paramount Skydance is acquiring Tyler Perry's minority ownership stake in the BET+ streaming service, and BET+ will be shut down with its content merged into the Paramount+ platform. The move is part of Paramount's strategy to expand the reach of BET's content and storytelling on a larger global scale.

Why it matters

This consolidation of BET's streaming presence under the Paramount+ umbrella allows the BET brand and its content to benefit from the larger distribution and marketing power of the Paramount+ platform, potentially exposing BET's programming to a wider audience. However, it also means the end of the standalone BET+ service, which had been a key part of BET's direct-to-consumer strategy.

The details

Under the deal, Paramount is acquiring Tyler Perry's minority ownership stake in BET+, though the financial terms were not disclosed. BET+ will be phased out, and its content library will be integrated into the Paramount+ streaming service. Paramount says this will allow BET's 'celebrated Black storytelling' to reach a larger global audience alongside Paramount's other premium series, films and live events.

  • The changes will begin in June 2026 as BET+ content is migrated to Paramount+.
  • Paramount's acquisition of Tyler Perry's BET+ stake was recently completed.

The players

Paramount Skydance

The joint venture between Paramount and Skydance Media that oversees Paramount's streaming and entertainment operations.

Tyler Perry

The media mogul who held a minority ownership stake in the BET+ streaming service.

BET

The media brand and linear TV channel focused on Black culture and entertainment, owned by Paramount.

Paramount+

Paramount's flagship streaming service, which will now incorporate the content library from the shuttered BET+ service.

Louis Carr

The president of BET who announced the changes to BET+ in a memo to staff.

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What they’re saying

“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.”

— Louis Carr, BET President (Variety)

What’s next

The integration of BET+ content into Paramount+ is expected to be completed by June 2026, at which point the standalone BET+ service will be shut down.

The takeaway

This move by Paramount represents a strategic shift to consolidate its Black-focused entertainment content under the Paramount+ umbrella, leveraging the platform's larger scale and distribution to expand the reach of BET's programming and storytelling to a global audience.