BET+ is officially saying goodbye, and Tyler Perry is unloading his ownership in the platform. Paramount Skydance is shutting down the standalone streaming service and folding its catalog into Paramount+ starting in June 2026.
As part of the move, Paramount has purchased Tyler Perry Studios’ minority stake in BET+, which the filmmaker secured through a 2019 production deal. Financial details were not disclosed, but Perry previously held a 25 percent ownership stake in the service.
BET+ launched in September 2019, just before Viacom merged with CBS to form Paramount Global. The platform quickly became a hub for original series, movies, and classic programming centered on Black storytelling. Subscribers currently pay $5.99 per month with ads or $9.99 without ads for access to more than 1,000 hours of content. However, Paramount now plans to consolidate that library under its flagship streamer.
“As part of this evolution, Paramount acquired Tyler Perry Studios’ equity stake in BET+,” a Paramount representative said in a statement. “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.”
BET president Louis Carr also addressed staff in a memo explaining the strategy behind the shift.
“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.”
Carr also emphasized that BET itself is not going anywhere. The network, BET Studios, and BET Digital will continue operating, while Paramount+ introduces a dedicated BET Hub featuring shows like “The Ms. Pat Show,” “All the Queen’s Men,” “Zatima,” “Average Joe,” and “Diarra From Detroit.”
