Tyler Perry is officially the new owner of BET. According to The Steamr via B. Scott, the mogul has worked out a deal to buy the BET Media Group from Paramount Global for an undisclosed sum.
The site reported that the deal comes as a relief to Paramount Global, who — according to a source is “hemorrhaging money”, to the tune of more than $400 million.
The deal will give Perry control over BET Media Group, which also owns VH1.
