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Tyler Perry just sold his 25% stake in BET+ to Paramount Skydance in a landmark deal. The streaming service is officially shutting down this June 2026. Here’s what happens to your favorite shows.
🔥 Quick Facts
- Stake Ownership: Perry held 25% equity in BET+ through a 2019 production deal
- Shutdown Date: BET+ closes officially in June 2026 after today’s announcement
- Content Migration: Over 1,000 hours of original shows moving to Paramount+
- Perry’s Deal: Production agreement with BET Media Group extends through 2028
How Tyler Perry Became BET Plus Owner
Back in 2019, Tyler Perry Studios signed a groundbreaking production deal with BET Media Group. The agreement gave Perry a minority stake in the streaming platform. His 25% ownership represented tens of millions of dollars in value. The deal positioned Perry as a major content creator driving the service’s growth.
Over six years, Perry produced countless hit series for the platform. Shows like Zatima, The Haves and Have Nots, and multiple dramas became viewer favorites. The Perry-BET+ partnership generated significant revenue and brand recognition for both parties.
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Tyler Perry sells BET+ stake to Paramount, service folds into main streamer
Why Paramount Is Shutting Down BET Plus
Paramount Skydance recently took control of BET under new ownership leadership. Executives decided to consolidate streaming operations. The company chose to fold BET+ into Paramount+ rather than maintain two separate services. This merger saves costs while expanding Paramount’s content library instantly.
The decision reflects broader industry trends toward streaming consolidation. Platforms like Disney+, Max, and others no longer maintain niche offerings. Instead, they integrate premium content into flagship services. BET’s programming becomes a dedicated hub within Paramount+, preserving Black culture programming quality.
What Happens to BET Plus Content
| Detail | Information |
| Shutdown Date | June 2026 |
| Content Library | 1,000+ hours moving to Paramount+ |
| New Home | Paramount+ with dedicated BET hub |
| Popular Shows | Zatima, House of Payne, Sistas |
Beginning in June, over 1,000 hours of BET+ content becomes available on Paramount+. Original series, movies, and special events transfer without interruption. Perry’s shows continue streaming freely. Paramount plans a dedicated BET section within the main app. This ensures Black programming maintains visibility and cultural prominence.
“As part of this evolution, Paramount acquired Tyler Perry Studios’ equity stake in BET+. We remain committed to the rich legacy of BET and providing premium Black programming.”
— Paramount Spokesperson, Official Statement
What Tyler Perry’s Continued Role Looks Like
Perry’s production deal with BET Media Group remains active through 2028. He continues creating exclusive content for the ecosystem. His net nine-figure deal ensures fresh programming arrives regularly. While he no longer owns equity, Perry retains creative control over his projects. The 2026 transition doesn’t affect his production pipeline whatsoever.
Behind the scenes, Perry, 58, focused on film development, television expansion, and talent development. His Atlanta studios remain fully operational. The broader Paramount enterprise benefits from his production expertise. Financial terms of the buyout were not publicly disclosed.
What This Means for BET Plus Subscribers Right Now
If you subscribe to BET+ today, nothing changes immediately after this announcement. The service operates normally through June 2026. You’ll have ample notice before migration begins. Paramount+ is working on technical integration behind the scenes. Your existing credentials will transfer to the main platform when June arrives.
Premium BET+ content library remains accessible for the next few months. You can continue bingewatching Zatima, House of Payne, and other hits. When June launches, you’ll need only one Paramount+ subscription to access everything. Current BET+ subscribers may receive promotional offers for Paramount+ to ensure smooth transitions. What’s your biggest concern about this shift?
Sources
- Variety – Paramount Skydance buyout details and timeline
- Deadline – Exclusive reporting on BET+ merger announcement
- Hollywood Reporter – Streaming industry analysis and content migration
