Tyler Perry has acquired BET and VH1, making him the first African American to own a major television network.
BET+ streaming service, which Perry co-created with BET, has experienced remarkable success, responsible for half of the subscribers and nearly all revenue growth for the channel in 2021.
The platform features a wide range of original films and series from the extensive BET program library, captivating audiences with diverse and engaging content.
BET becomes Black-owned once again after 21 years, while VH1 now boasts an African American owner for the first time.
Perry’s success as an African American entrepreneur and his commitment to showcasing diverse stories and voices have paved the way for increased opportunities and inclusivity in the media landscape.
The acquisition follows the news that Paramount Global has sought to sell a majority stake in BET.
Earlier this year, Perry expressed optimism about purchasing BET, stating his keen interest if it were a possibility.
As the new owner of these influential networks, Perry is poised to leave an indelible mark on the future of Black-owned media and further amplify underrepresented narratives on a global scale.
