Paramount Global is in early exploratory talks to sell a majority stake in BET Media. The company has been pretty clear about its desire to explore opportunities to raise cash, including an attempt to sell publisher Simon & Shuster.
It’s move with BET Media was first reported in the Wall Street Journal. The company declined to comment. The division includes the BET linear networks, BET+ (a 2019 venture with Tyler Perry), BET Studios, launched in 2021 with partners Kenya Barris, Rashida Jones and Aaron Rashon Thomas, and VHI, which was moved under the BET umbrella last year.
A person familiar with the situation said Paramount would maintain a minority stake as well as commercial agreements with BET for content across its platforms.
Given BET’s iconic status within Black culture and the Black creative community, it could potentially see interest from Black high-net worth individuals or minority-owned institutions.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.