According to The Hollywood Reporter, Tyler Perry wasn’t pleased with how Paramount Global handled the bidding process for a majority stake in BET.
In August, Paramount Global stopped offering its units for sale, which includes VH1, BET Studios, BET channel, and BET+.
Despite attracting offers from several potential suitors, including Tyler Perry, Byron Allen, and Sean Combs, they took it down.
“I was disappointed about it for a number of reasons. The way it happened was disrespectful in a lot of ways… Don’t try to get me to pay for something that’s not worth anywhere near the value.”
Tyler Perry Wouldn’t Be Ripped Off
Perry is done with Paramount Global and won’t bid for BET if it goes up for sale again.
That said, he still owns a minority stake in BET+ and supplies original programs to Paramount through a deal they signed in 2019.
“God bless them. I’m still working with them. I wish them the best.”
If Paramount agreed to a deal, they would have kept a minority stake and pumped the cash into Paramount+ to grow its 61 million subscribers.
