Culture Report | Featured | Trey Brazier

By Trey Brazier |

Tyler Perry & Byron Allen Are Both Looking To Purchase Majority Stake At BET

2022 Baby2Baby Gala Presented By Paul Mitchell - Gala
WEST HOLLYWOOD, CALIFORNIA – NOVEMBER 12: Tyler Perry attends the 2022 Baby2Baby Gala presented by Paul Mitchell at Pacific Design Center on November 12, 2022 in West Hollywood, California. (Photo by Phillip Faraone/Getty Images for Baby2Baby)

Two of the most successful African Americans on the planet are looking to add to their portfolio.

 

 

According to Variety, media moguls Tyler Perry and Byron Allen are looking to purchase a majority stake at BET as Paramount Global is looking to sell the network called Black Entertainment Television.

 

 

Reportedly, Perry already produces a large portion of BET’s programming and already owns a minority stake in the network.

 

 

In fact, every time you watch BET there’s a “Tyler Perry Presents” show airing.

 

Byron Allen / TheGRIO Celebrate April Ryan's 25th Anniversary Covering White House Press Room And 5 American Presidents
WASHINGTON, DC – APRIL 30: (L-R) Byron Allen, founder, Chairman and CEO of the Allen Media Group appears at the National Museum of African American History & Culture at Byron Allen’s gala event celebrating correspondent April Ryan’s 25th anniversary covering the White House on April 30, 2022 in Washington, DC. (Photo by Larry French/Getty Images for Allen Media Group / Byron Allen)

 

 

Byron Allen’s,  Allen Media Group owns The Weather Channel, The Black News Channel, and other media outlets including 27 television stations across the country.