Paramount Skydance has bought out Tyler Perry Studios’ equity stake in BET+, which will help facilitate the move. BET Networks president Louis Carr said in a memo to staff that the move will “ensure the stories we champion, the creators we support and the culture we represent [will] go further than ever before.” (Read the full memo below.)
The changeover will happen in June, when about a thousand hours of BET+ programming will become part of Paramount+, including the Perry-produced All the Queen’s Men and Zatima, The Ms. Pat Show and the critically acclaimed Diarra From Detroit.
Terms of the buyout for Perry’s stake in BET+ weren’t disclosed, but it’s likely in the eight-figure range. Perry will continue to make shows for BET through a wide-ranging content partnership; BET…
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