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After buying BET, Paramount is getting ready to close down its streaming service BET+.
As a part of the transition, Paramount will merge the streaming service with its personal. The corporate may even purchase again the minority possession stake in BET+ that was beforehand held by Tyler Perry. The filmmaker had a 25% stake within the platform. Last particulars concerning the transaction haven’t been disclosed to the general public.
A consultant for Paramount launched a press release asserting that the corporate has accomplished the acquisition of Tyler Perry Studios’ fairness stake in BET+ as a part of the platform’s transition. Regardless of the change in possession, the corporate indicated that he’ll stay a key artistic associate by way of his broader programming settlement, with each side persevering with to work collectively to broaden the viewers for BET content material.
Extra to return…