BET+ Is Shutting Down: Paramount+ Buys Tyler Perry’s Stake and Plans BET Hub

It’s time to pour one out for your home screen real estate, because the Great Streaming Purge of the 2020s has claimed another victim. In a move that surprised absolutely no one who has been watching Paramount Global try to find its footing under the new Skydance Media regime, the house that Spongebob built is officially buying out Tyler Perry’s 25% stake in BET+ and pulling the plug on the standalone app for good.

The news marks a massive shift for the BET Media Group. Since its launch in 2019, BET+ served as the premium digital home for Black culture, anchored largely by Perry’s prolific output of soapy dramas and "Madea"-adjacent high-jinks. But in the era of "efficiency" (read: David Ellison’s quest to actually make money), having a dozen different apps for one company is officially so 2022.

Consolidation is the New Black

So, what does Paramount acquiring Tyler Perry’s ownership stake actually mean for you? Starting in June 2026, BET+ is shutting down as a standalone service. The entire library, over 1,000 hours of content including Sistas, The Oval, and All the Queen’s Men is being folded into a dedicated BET Hub within the main Paramount+ app.

For those keeping score at home, this is the same playbook Paramount used with Showtime. They’re betting that by killing the niche apps and beefing up the mothership, they can finally compete with the likes of Netflix and Max without making us manage five different logins. It’s a win for your monthly billing statement, but a bit of a bummer for the brand identity BET+ worked so hard to build.

Tyler Perry’s Big Payday

Don’t worry about Tyler, though. He’s doing just fine. While the exact "leave me alone" money hasn't been disclosed, industry insiders suggest the buyout is worth tens of millions. Despite selling his equity, Perry isn’t going anywhere. His massive overall deal with BET Media Group runs through 2028, meaning his shows will continue to be the primary engine driving the new BET Hub on Paramount+. He’s essentially traded the headaches of being a tech mogul for a massive pile of cash and a guaranteed platform for his next thirty shows.

What Happens to Your Subscription?

If you’re a current BET+ subscriber, expect an influx of "Please don't leave us" emails soon. Paramount is expected to offer discounted transition rates to lure BET+ loyalists over to the Paramount+ "With Showtime" tier. The transition will be seamless for those who subscribe through third-party platforms like Amazon or Apple, but for those with direct accounts, the clock is ticking until the app becomes a digital paperweight this summer.

This move is the clearest sign yet that the "plus" fatigue has reached its breaking point. We’re returning to the days of the "Big Bundle," just with a different UI.

Are you excited to have all your Tyler Perry originals under one roof, or are you mourning the loss of a platform dedicated solely to Black stories? Drop a comment and let us know if you’ll be making the jump to Paramount+ or if this is where you hop off the streaming carousel.

Stay tuned to The TV Cave for more updates on where your favorite shows are moving next because at this rate, they’ll all be on one app by Christmas.

How do you feel about Paramount absorbing more of your favorite niche streaming services?