Producer, director, actor, and entrepreneur Tyler Perry has been interest in buying a majority stake in BET Network. Perry and Byron Allen seems to be in a "bidding war" for Paramount's BET Network, as Paramount looks for substantial partners to invest.
Byron Allen, the founder of Entertainment Studios and CEO of Allen Media Group. Byron Allen is well known for various acquisitions.... The Weather Channel and equity stake in Sinclair Broadcast Groups acquisition of Fox Sports Networks.
Paramount's plans to raise money and shed assets to pay down debt and invest in their two-year old streaming service, Paramount Plus+.
Paramount wants to retain a portion of the BET Media Group, which includes the VH1 television channel and the BET+ streaming service.
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