HOLLYWOOD, CA - APRIL 19: Director/Writer Tyler Perry arrives at the Lionsgate premiere of "Madea's Big Happy Family" at ArcLight Cinemas Cinerama Dome on April 19, 2011 in Hollywood, California. (Photo by Jason Merritt/Getty Images)
Tyler Perry expresses discontent over attempt to purchase BET
Tyler Perry has voiced his dissatisfaction with the attempted purchase of the Black Entertainment Television (BET) channel from Paramount Global. The renowned filmmaker and entrepreneur, who has been a significant figure in the entertainment industry, Essence reports, opened up about his experience during the Bloomberg Equality Summit.
In his candid remarks, Perry described his disappointment, pointing out the lack of respect he encountered during the purchase process. He expressed frustration, saying, “Don’t try to get me to pay for something that’s not worth anywhere near the value.”
When asked about his future interest in acquiring ownership of BET if it becomes available again, Perry gave a resounding “no.”
Despite his grievances, he conveyed his best wishes to the network, affirming his continued collaboration with them.
It’s worth noting that Tyler Perry maintains a minority stake in BET+ and has a longstanding partnership with the network. BET played a crucial role in supporting Perry’s early career, contributing to the production of his first feature film, Diary of a Mad Black Woman, in 2005. Perry’s ongoing collaboration with BET, Paramount Global and BET Networks has generally been a positive and fruitful experience.
This revelation comes after Paramount Global abandoned its plans to sell a majority stake in BET Media Group in August, citing concerns about its financial leverage. Tyler Perry’s candid remarks shed light on the challenges he faced during the attempted acquisition, providing insight into the complexities of the entertainment industry.