Tyler Perry Makes History: First African American to Acquire BET and VH1

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Tyler Perry has made history by becoming the first African American to acquire two major US television networks, BET and VH1. Perry, who had previously partnered with BET to create its popular streaming service BET+, expressed an interest in acquiring the network earlier this year. BET parent company Paramount Global has sought to sell a majority stake in the network. Perry’s purchase of BET and VH1 marks a significant milestone for the representation and ownership of the entertainment industry, and his success as a Black entrepreneur paves the way for increased inclusivity in media. Financial details of the acquisition have not been disclosed.

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