Paramount is folding BET+ into Paramount+ this June, leaving the company with just one streaming platform in the US — down from three just a few years ago.
More than 1,000 hours of BET+ content, including originals, movies and specials, will move to Paramount+. Shows like The Ms. Pat Show, All the Queen’s Men, Zatima and Diarra from Detroit will continue on the flagship streamer.
To make the merger happen, Paramount first bought out Tyler Perry’s ownership stake in BET+ — believed to be around 25%. Perry had been a co-owner since the platform launched in 2019. Financial details weren’t disclosed, but his stake was valued at tens of millions of dollars.
Perry isn’t going anywhere though. He still has a deal with BET running until 2028, under which he’ll keep delivering hundreds of new episodes across existing and new series.
Current BET+ subscribers who pay directly through the app will be offered a discount to join Paramount+. BET+ costs between $5.99 and $10.99 per month, while Paramount+ runs $8.99 to $13.99.
BET+ has roughly 3.5 million subscribers. Paramount+ has 80 million — so the move significantly expands the reach of BET content, even if it loses its standalone identity.
This follows Paramount’s 2023 decision to absorb Showtime’s streaming platform into Paramount+. The pattern is likely to continue if Paramount’s proposed merger with Warner Bros. Discovery goes ahead — Paramount+ and HBO Max are expected to become one service after that deal closes.
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