It seems that Byron Allen, Tyler Perry are expressing interest in buying BET as reported by TheGRIO. BET (Black Entertainment Television) which was created by America’s first Black billionaires, Robert Johnson, and his former wife Sheila, co-founded BET in 1979 to offer programming specifically for Black people. According to Forbes, they sold the company in 2001 for $3 billion to Viacom, which later changed its name to Paramount.
Tyler Perry has been in partnership with Paramount for almost 6 years, and a number of his productions, such as “Tyler Perry’s House of Payne” and “The Oval,” air on the network and
Paramount is considering selling a majority stake in BET, according to two sources, to secure cash that the company would use to fortify Paramount+, its primary streaming service. A spokesperson for Byron Allen, a the founder and CEO of Allen Media Group said. Mr. Allen, who owns TheGRIO, also owns The Weather Channel, Local Now and dozens of local television stations. Such an acquisition would expand Allen’s cable and streaming services portfolio.
We have been watching BET shows on BET for years and we (my bro and I) LOVE BET!! To have these 2 gentlemen express interest ids GREAT!
I guess we will have to wait and see what will happen.
