Paramount Skydance is moving to full ownership of BET+ as it closes the Warner Bros. Discovery (WBD) acquisition.

In March 2026, the company bought out Tyler Perry’s 25% stake in BET+. The BET+ standalone app will be shut down. Its ~1,000-hour library will move into Paramount+ by June 2026.

This removes a joint-venture profit share and brings the asset fully under Paramount’s control.

The WBD deal is valued at $110 billion. Alongside that, this buyout simplifies ownership and aligns the platform strategy.

The transaction is led by CEO David Ellison on Paramount side. Tyler Perry Studios is the counterparty in the BET+ stake sale. BET Media Group is handling the transition. The BET+ buyout, valued in the tens of millions.

Paramount is consolidating multiple streaming products into a single platform. Maintaining BET+, Max, Discovery+, and Paramount+ as separate services creates duplicate costs across tech and operations.

By acquiring the remaining stake in BET+, Paramount keeps 100% of the asset’s cash flow and removes the need to share profits.

This follows earlier consolidation moves, including the integration of Showtime into Paramount+.

For the supply chain, this reduces the number of active platforms and entry points. Work tied to standalone apps shifts toward platform integration and library management.

The combined entity is focusing on fewer platforms with broader libraries and unified distribution.

This move shows a clear shift toward full ownership of key streaming assets and simpler platform structures.

Buying out minority stakes removes profit-sharing layers and gives direct control over distribution and monetization.

The direction is toward fewer platforms, unified libraries, and tighter control over how content is managed and delivered.