Tyler Perry Studios sells stake in BET+. Here’s what that means for fans.

“This moment is about growth and about ensuring BET’s voice continues to shape culture at an even greater global scale,” Carr said in the memo, reported by Variety.

Terms of Tyler Perry Studios’ buyout were not disclosed. Perry will continue to produce programming for BET Media Group as part of a nonexclusive deal announced in 2024, under which he is producing new seasons of eight existing shows and has launched a new series.

BET+ launched in 2019 as a joint venture between BET and Tyler Perry Studios, and now houses more than a thousand hours of original programming. Perry has either written, directed or executive produced multiple shows across the service, including “All the Queen’s Men,” “Zatima” and “Sistas.” Other shows unaffiliated with Perry have ties to Atlanta, including “The Ms. Pat Show,” which was created by the titular Atlanta comedian, and “Diarra from Detroit,” which films in Atlanta.

Both Paramount and BET Media Group have never publicly released subscriber numbers for BET+. The service likely has a fraction of the overall subscribers for Paramount+, which ended 2025 with 79 million, according to Paramount’s most recent quarterly report.

The move is the latest announcement to come from Paramount, which announced its plans to acquire Warner Bros. Discovery last month to create a film, TV and streaming giant it says will be well positioned to compete in the rapidly evolving entertainment industry. As part of the deal, WBD’s HBO Max and Paramount+ will unite under one streaming product, creating a service with about 210 million subscribers. Its chief competitor Netflix, by comparison, ended 2025 with 325 million subscribers.

The BET+ integration is not the first time Paramount has folded a standalone streaming platform into Paramount+. In 2023, the media company integrated Showtime’s service into the premium tier of Paramount+.

Perry, who also has non-exclusive deals to produce movies for Amazon Prime and both TV shows and movies for Netflix, will soon have his BET+ content available to a much bigger audience on Paramount+.

Paramount briefly put BET’s assets up for sale in 2023, attracting multiple bidders including Perry, but then pulled the plug, dissatisfied with the offers. Perry, at a Bloomberg Equality summer at The Gathering Spot in the fall of 2023, said he “was disappointed about it for a number of reasons. The way it happened was disrespectful in a lot of ways.”