BETNetworks (2024)

FAQs

Who owns BET Network now? ›

Viacom

BET Networks

BET is the nation's leading provider of quality content from Black creators and the champion of Black content and culture. BET linear is in 125 million households and can be seen in the United States, Canada, Brazil, the Caribbean, the United Kingdom, sub-Saharan Africa and France.

In a major development for the entertainment industry, BET has become Black-owned once again after 21 years, while VH1, for the first time, now boasts an African American owner.

At this time, Perry still has a minority stake in the BET+ streaming service and provides content to Paramount programs, including BET and Nickelodeon through a multiyear content partnership inked in 2019. The mogul is also a major player in the production space via his Tyler Perry Studios in Atlanta.

Black Entertainment Television (acronym BET) is an American basic cable channel which is the first network to target black American audiences. It is owned by Paramount Global through CBS Entertainment Group.

Rapper Curtis Jackson, better known as 50 Cent, and basketball legend Shaquille O'Neal are said to be part of a group that is weighing a bid for BET Media Group, in which current owner Paramount Global has been considering selling a majority stake.

Robert Louis Johnson (born April 8, 1946) is an American entrepreneur, media magnate, executive, philanthropist, and investor. He is the co-founder of BET, which was acquired by Viacom in 2001. He also founded RLJ Companies, a holding company that invests in various business sectors.

BET was acquired by Paramount corporate ancestor Viacom in 2000 for $2.3 billion in stock.

Deadline has confirmed that Byron Allen is taking another run at BET Media Group in a $3.5 billion bid sent to Paramount Global for BET and VH1. The offer followed a report that Paramount is in talks to sell BET to a management-led investor group.