Tyler Perry is having conversations with Paramount Global about the purchase of a majority stake in BET Media Group.
Perry, 53, already owns a minority stake in the company. He has a long history with both BET and Paramount, which could help with the purchasing process should the two sides decide to move forward. Both companies have played significant roles in Perry’s entertainment career, with BET helping to fund Perry’s ‘Diary of a Mad Black Woman’ nearly 20 years ago.
Paramount, like most TV entertainment companies, has been making a lot of moves lately. If they move forward with Perry it could help in their desire to continue the rebrand of Paramount + and Pluto TV, the ad-supported streaming service that also falls within the Paramount umbrella.
Get Breaking News & Exclusive Contest in Your Inbox:
From Variety:
Earlier this year, Paramount announced it would be rebranding both Showtime’s linear and streaming platforms as Paramount+ With Showtime, folding the iconic brand into its priority streamer Paramount+. The move has already led to significant leadership changes and layoffs across the company.
Representatives for Paramount Global and Perry did not immediately respond to request for comment.
To finish the report from Variety, [click here].
The Latest:
- Richelieu Dennis Emerges as ‘Mystery Buyer’ of Diddy’s REVOLT TV Network
- Sixers’ Oubre GOES OFF on Refs After Late Game No-Call
- Juvenile Releases “400 Degreez” Music Video 25 Years Later
- ‘Pink Cocaine’: An In-Depth Look at the Expensive and Trendy Drug
- ‘Michael’ Biopic Adds New Cast Members Larenz Tate, Kat Graham & More
- White HBCU Professor Wins Racial Discrimination Lawsuit Against Harris-Stowe State University
- NBA Investigating Jontay Porter For Gambling Activity
- ‘Noise For Now Vol. 2’ Compilation Album Features Artist Big Freedia & Benefits Abortion Access
- Dark & Lovely Partners With The Sims & Award-Winning Creator Ebonix To Promote Diversity In Gaming Industry
- Sean “Diddy” Combs’ Alleged “Drug Mule” Arrested In Miami
Tyler Perry May Purchase Majority Stake in BET From Paramount Global was originally published on wzakcleveland.com