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Tyler Perry has acquired BET Media Group, including networks like VH1.

The deal's value remains undisclosed.

Perry already collaborated with BET through his Tyler Perry Studios for the creation of BET+ streaming service.

BET+ contributed to half of the subscriber growth and most of the revenue growth for the channel.

Paramount Global had been looking to sell a majority stake in BET.

 Perry had previously expressed interest in buying the company.

Perry's acquisition comes at a time when Paramount is facing financial losses.

The deal grants Perry control over BET Media Group, expanding his influence in the entertainment industry.

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