Paramount+ Absorbing Beloved Streaming Service Ahead of HBO Max Purchase

Before Paramount+ and HBO Max officially combine into one due to Paramount Pictures and Warner Bros. Discovery’s merger, it has been confirmed that the company has acquired another popular streaming service.

Per Deadline, the company is set to absorb BET Networks‘ BET+, which will then be folded into Paramount+ starting in June. This move comes after Paramount acquired Tyler Perry Studios‘ equity stake in BET+. All of Perry’s growing library of films and TV shows will be transferred to Paramount+, along with all the original and acquired content currently available on BET+. Current BET+ app users are expected to be offered a discount to subscribe to Paramount+ after the two streamers have finally merged.

What did the BET Networks president say about Paramount+’s BET+ acquisition?

In his company email, BET Networks president Louis Carr assured his team that this merger is “the next powerful step” in BET’s growth, as this will allow them to expand the reach and visibility of BET+’s original content. He also confirmed that the BET’s linear channel and BET Studios will continue to operate and be fully active, as BET Digital will remain central to their multiplatform strategy.

“As we continue to drive BET’s growth, our stories have to live in more places. Beginning in June, we are expanding our reach by making Paramount+ the new home for BET+ content. This powerful next step ensures the stories we champion, the creators we support, and the culture we represent go further than ever before,” Carr wrote. “Our celebrated Black storytelling will live alongside Paramount’s premium series, sports, specials, and films, where it will be clearly branded, prominently featured, and easy to find in the BET Hub.”

He added, “What I want you to take away today is this: BET remains strong because of you, your creativity, your resilience, and your unwavering belief in the power of our stories. This moment is about growth and about ensuring BET’s voice continues to shape culture at an even greater global scale.”

(Source: Deadline)

Source: Comingsoon.net