With major streaming services offering nine-figure deals to lock in some of the top creative talents in Hollywood, will that mean high-impact showrunners, looking to capitalize on the success of their projects, will abandon services with smaller subscription bases?
That’s the question many are asking Tyler Perry, the esteemed writer, producer, director, and actor whose portfolio of hit shows may be exiting his situation when his deal is up and looking for a sweeter deal someplace else such as Netflix, Business Insider reports.
In 2019, Tyler Perry signed a deal with Viacom — now Paramount Global — for a reported $150 million per year. While all of the terms of this deal — which reportedly runs through 2024 — are not public, Perry agreed to create new titles for the service (both film and television) and acquired a 25 percent equity stake in BET+, where the programming would also live.
His current deal only allows him access to 1.5 million subscribers with BET+ and 40 million with Paramount +, however, the quarter equity stake makes it a hard deal to abandon.
Over the past three years, since the agreement was inked, the “Madea” creator and BET have experienced monumental success. Last year, the two top cable series for Black audiences, “Sistas” and “The Oval,” were created by Perry. Currently, through his production company Tyler Perry Entertainment, he has seven shows on the air, making his content valuable assets in the Paramount Global universe.
The billionaire’s work ethic is undeniable and inspiring.
After starting his career producing live theater in the 1990s with his popular “Madea” character at the core of each project’s book, he used the character to break into feature films and television. To date, considering the past three decades of nonstop grind, the “Madea” franchise has grossed more than $660 million for the content creator, according to Forbes.
Perry has also shown his business astuteness: he owns 100 percent of his work.
Part of that savvy is the decision to open Tyler Perry Studios, a 330-acre property in Atlanta with 12 sound stages and custom sets that include a to-scale White House.
The shows on BET are filmed at TPS, however, not all of his shows filmed at TPS aired on BET.
“A Madea Homecoming” (2022) and “A Fall From Grace” (2020) were streamed on Netflix, a move that has many people thinking he might find a home in a cozy spot next to Shonda Rhimes, who did a nine-figure deal with the No. 1 on-demand streaming service.
Business Insider reports its sources say Perry is exploring options.
BET+ had 1.5 million subscribers as of February 2021, and Paramount+ is among the smaller of the major streamers with just under 40 million paying members — though Perry’s equity stake in BET+ could complicate a move elsewhere.
Wow, I didn’t know Tyler Perry was making that kind of money with BET+. I can understand why he’d be eager to look elsewhere for a better deal. Curious to see where he’ll end up next!
It’s interesting to see Tyler Perry considering his next move after such a lucrative contract with BET+. His creative vision seems to align perfectly with the evolving landscape of streaming platforms. I wonder what new projects he has in mind and which platform he might choose next!
It’s interesting to see Tyler Perry exploring new streaming options after such a lucrative deal with BET+. His creativity always brings something fresh to the table. I’m curious to see where he will take his talents next!
I’m really curious to see what Tyler Perry will do next after his BET+ contract. He has such a unique vision and storytelling style that I can’t imagine him settling for anything less than innovative. It’ll be interesting to see if he explores partnerships with other platforms or even creates something entirely new!
I’m really curious about what Tyler Perry will decide next! With his incredible track record and creativity, I’m sure he’s weighing some exciting options for his streaming future. It will be interesting to see if he stays with BET+ or explores new platforms that can better showcase his vision.
I’m excited to see what Tyler Perry will do next! His creative vision is always impressive, and it will be interesting to see how he navigates the streaming landscape beyond BET+. I hope whatever he chooses continues to uplift and entertain viewers!
I’m really curious to see what Tyler Perry has in mind for his next streaming venture! With his track record, I’m sure whatever he decides will be groundbreaking. It’ll be interesting to see how he diversifies his content beyond BET+. Would love to hear more about his thoughts on the future of streaming!
It’s interesting to see Tyler Perry evaluating his options after such a lucrative contract. I’m curious about what direction he might take next and how it could impact the streaming landscape. His influence in the industry is undeniable, and I can’t wait to see what innovative projects he might pursue!
I’m really curious to see what Tyler Perry will do next! With such a hefty contract, he’s definitely carved out a significant niche in the streaming world. I hope he brings something fresh and innovative to his next platform, whatever that may be!
It’s interesting to see Tyler Perry exploring his options after such a lucrative deal with BET+. With the streaming landscape constantly evolving, I can’t wait to see what creative avenues he’ll pursue next. His influence in the industry is undeniable, and whatever he chooses, I’m sure it will be innovative and impactful!
It’s interesting to see Tyler Perry evaluating his options as his BET+ contract comes to an end. With his track record, I can’t wait to see what innovative direction he takes next in the streaming space!
I’m really curious to see what Tyler Perry will do next! His impact on the entertainment industry is undeniable, and with the streaming landscape evolving so quickly, it’ll be exciting to see if he sticks with BET+ or explores new opportunities. I wonder how this decision will affect his upcoming projects!
It’s fascinating to see Tyler Perry exploring new options after such a lucrative deal with BET+. His creativity knows no bounds, and I can’t wait to see what he has in store next, whether it’s another streaming platform or new content. The landscape of entertainment is constantly changing, and Perry is always ahead of the curve!
It’s intriguing to see Tyler Perry contemplating his next move with BET+. His creativity and business acumen could really shake up the streaming landscape. I’m curious to see what new direction he takes and how it might influence content for audiences!
I’m really curious to see what Tyler Perry’s next move will be! With such a lucrative contract, it’s exciting to think about the possibilities for his future projects. Will he stick with streaming or explore other avenues? Can’t wait to see where he takes his creative vision next!
It’s intriguing to see Tyler Perry exploring new streaming options after such a lucrative run with BET+. His creative vision always brings something fresh to the table, and I’m excited to see where he takes his talents next. Any idea where he might land?
I’m really curious to see what Tyler Perry plans to do next with his streaming options! His creative vision has always been so fresh and innovative. The potential for him to shake things up in the streaming landscape is exciting—can’t wait to see what he comes up with!
It’s intriguing to see Tyler Perry exploring new streaming options after such a lucrative contract with BET+. His creativity and dedication to storytelling are unmatched, and I’m excited to see where he takes his talents next. Could he launch his own platform or partner with a larger service? The possibilities are endless!
This is really interesting! It’ll be fascinating to see where Tyler Perry takes his talents next. With his creative vision, I’m sure whatever he chooses will shake up the streaming landscape. Can’t wait to see what’s next for him!
Exciting times ahead for Tyler Perry! It’s impressive how he’s always looking to innovate. I can’t wait to see what options he considers next for streaming—his storytelling has redefined entertainment for so many. Whatever he decides, I’m sure it’ll be groundbreaking!
It’s fascinating to see Tyler Perry’s strategic moves in the streaming space! With his immense talent and production capabilities, I’m excited to see where he decides to take his content next. Whatever he chooses, I’m sure it’ll be innovative and impactful!
I’m really curious to see where Tyler Perry will head next after his BET+ contract. With his track record and unique storytelling style, I can only imagine the impact he’ll have on whichever streaming platform he chooses. It will be interesting to see how he leverages his brand in the evolving streaming landscape!
I’m really curious to see where Tyler Perry will go next! He has such a unique vision, and his departure from BET+ could open up exciting new possibilities. Do you think he’ll lean toward another platform, or might he consider creating his own?
I’m really curious to see what Tyler Perry will do next! His impact on the entertainment industry has been massive, and with so many streaming platforms vying for content, it could open up some exciting opportunities. It’ll be interesting to see how he leverages his brand and creativity in whichever direction he chooses!
It’s exciting to think about what Tyler Perry might do next! His ability to tell compelling stories is unmatched, and with the options out there in the streaming space, it will be interesting to see how he continues to innovate. Looking forward to the next chapter of his career!
I’m really curious to see where Tyler Perry will take his next streaming venture! His creativity has always pushed boundaries, and with such a significant contract at stake, it’ll be interesting to see how he leverages his brand for future success. What do you all think his next move will be?
It’ll be interesting to see what Tyler Perry decides next! With his track record, I’m sure whatever streaming option he chooses will be innovative and impactful. Excited to see where he takes his talents next!
I’m really curious about where Tyler Perry might head next with his streaming options! His influence on the entertainment industry is undeniable, and it’s exciting to think about the new possibilities he could explore. I hope he continues to create content that resonates with audiences. Can’t wait to see what he does next!
It’s exciting to see Tyler Perry exploring new streaming options! With his creative vision and storytelling ability, I’m curious to see how he will shape the next phase of his career. Whatever he decides, I’m sure it’ll be groundbreaking!
I’m really intrigued by Tyler Perry’s next move! With such a lucrative contract, it’s exciting to think about where he might go next in the streaming landscape. His work has always brought a unique perspective, and I’m curious to see what new platforms might be interested in collaborating with him.
It’s interesting to see Tyler Perry evaluating his next steps beyond such a lucrative contract. His ability to adapt and innovate in the streaming space has always been impressive. I’m curious to see what new opportunities he might pursue and how his next move could shape the future of entertainment!
Exciting times ahead! Tyler Perry has been a game-changer in the entertainment industry, and I can’t wait to see what he does next. His storytelling has truly transformed platforms like BET+, and I’m curious if he’ll bring his magic to another streaming service. What do you think his next move will be?
It’ll be interesting to see where Tyler Perry goes next with his streaming options! His impact on BET+ has been significant, and I’m curious if he might partner with a different platform for even broader reach. Whatever he decides, I’m sure it’ll be creative and exciting!
I’m really curious to see what Tyler Perry will do next! His impact on streaming is undeniable, and with a contract like that, he’s certainly in a strong position to negotiate. I wonder if he’ll explore partnerships with other platforms or create something entirely new. Exciting times ahead for him and for fans!
It’s intriguing to see what Tyler Perry will decide next! With his impressive track record, I’m sure whatever streaming option he chooses will be impactful. BET+ has benefitted greatly from his vision, but I can only imagine the possibilities if he takes his talents elsewhere. Can’t wait to see what’s next!
Exciting to see what Tyler Perry will do next! His creativity knows no bounds. I wonder if he’ll explore any new platforms or stick to something more traditional. Whatever he chooses, I’m sure it’ll be groundbreaking!
It’s interesting to see Tyler Perry evaluating his options with the end of his BET+ contract approaching. With his impressive track record, I can only imagine the potential deals he could land. I’m curious to see how this will impact his storytelling and the platforms he chooses to work with next!
Interesting to see what Tyler Perry will do next! With such a lucrative contract, it’s exciting to think about the potential opportunities and partnerships he might explore. I’m curious if he’ll stick with a major platform or consider a more independent route.
Exciting times ahead! It’s interesting to see where Tyler Perry will take his talents next. With his track record, I’m sure whatever he decides will be groundbreaking. Can’t wait to see what he has in store for us!
This is exciting news! I’m curious to see what Tyler Perry will do next after his BET+ contract. With his talent and creativity, I’m sure he’ll find a streaming platform that aligns with his vision. It’ll be interesting to see how he continues to innovate in the streaming space!
I’m really curious to see what Tyler Perry will do next! With his track record, any new streaming partnership is bound to be exciting. I hope he continues to create content that resonates with so many fans.
I’m really curious to see what Tyler Perry’s next move will be! With his track record, he could take any streaming platform to new heights. It’ll be interesting to see if he continues with BET+ or explores other options. What do you all think would be the best fit for him?
I’m really curious to see what Tyler Perry’s next move will be! With his success on BET+, I can only imagine the options he has. It would be interesting to see if he sticks with traditional streaming platforms or explores something new and innovative. Whatever he decides, I’m sure it will be big!
It’s fascinating to see Tyler Perry contemplating his next steps beyond the BET+ contract. His impact on the industry has been huge, and it’ll be interesting to see how he adapts to the evolving streaming landscape. Whatever he chooses, I’m sure it will be innovative!
I’m really curious about what Tyler Perry’s next move will be! With such a lucrative contract at BET+, it will be interesting to see how he leverages his brand and creativity in the streaming landscape. His unique storytelling ability could bring something fresh to whichever platform he chooses next!
I’m really curious to see what Tyler Perry’s next move will be after BET+. With his track record, he has the potential to make a huge impact wherever he goes. I wonder if he’ll explore different genres or stick with what he knows best. Exciting times ahead!
This is really interesting! Tyler Perry has revolutionized the entertainment industry, and I’m curious to see what his next move will be. With streaming options exploding, I wonder if he’ll create something truly unique to stand out. Excited to see how this unfolds!
It’s exciting to see Tyler Perry exploring new opportunities beyond his BET+ contract! His creativity knows no bounds, and I’m curious to see what direction he’ll take next in the streaming landscape. Whatever he chooses, I’m sure it will be groundbreaking and continue to pave the way for diverse storytelling.
This is really interesting! I’m curious to see what Tyler Perry’s next move will be after his BET+ contract. Given his track record, I have no doubt he’ll continue to innovate and create compelling content. Excited to see where he takes his projects next!
It’s fascinating to see Tyler Perry considering his next move! With the way he has transformed BET+, I’m excited to see what he has planned for the future. Any chance he might explore collaborations with other platforms? Would love to hear your thoughts on potential options!
It’s interesting to see Tyler Perry contemplating his next move after such a lucrative contract. With the rise of streaming services, I can’t wait to see what new direction he takes his projects. He always brings a fresh perspective, and I’m sure whatever he chooses will resonate with his audience!
I’m really curious about what Tyler Perry’s next move will be after his BET+ contract ends. With his creative vision and strong brand, he could shake up the streaming landscape even more. I hope he considers platforms that will allow him to reach a wider audience. Excited to see what’s next!
Interesting read! It’s exciting to think about where Tyler Perry might take his talents next. With his track record, whatever platform he chooses will likely benefit greatly. Looking forward to seeing how this unfolds!
This is really interesting! Tyler Perry has such a unique vision for storytelling, and I can’t wait to see what he does next. With his talent and experience, I’m sure whatever streaming option he chooses will be something groundbreaking. What do you think his next move will be?
I’m really interested to see where Tyler Perry goes next! His impact on the streaming landscape has been significant, and it will be exciting to watch him explore new opportunities beyond BET+. His unique storytelling and brand have so much potential. Can’t wait to see what he decides!
It’s fascinating to see Tyler Perry contemplating his next moves after such a lucrative stint with BET+. With his track record of creating compelling content, I’m excited to see where he might go next in the streaming landscape!
It’s fascinating to see Tyler Perry exploring new streaming options! With his impressive track record, I can only imagine what innovative projects he might consider next. BET+ has been a great platform for him, but it sounds like he’s ready for new challenges! Can’t wait to see what he does next!
It’s intriguing to think about what Tyler Perry will do next with his streaming plans. His creativity has consistently pushed boundaries, and I can’t wait to see where he takes his talents after BET+. Any chance he might branch out into a completely new genre or platform?
I’m really curious to see where Tyler Perry will go next! With his creativity and the success he’s had on BET+, he has so many exciting options ahead. It’ll be interesting to see how he navigates the changing landscape of streaming!
I’m really curious to see what Tyler Perry’s next move will be after his BET+ contract. His creative vision has always pushed boundaries, and with the streaming landscape constantly changing, it’ll be interesting to see how he adapts. I hope he continues to uplift diverse stories and voices!
I’m really curious to see what Tyler Perry decides to do next! His influence on the entertainment industry is immense, and with that kind of budget, he has the potential to create some groundbreaking content. It’ll be interesting to see if he continues with traditional streaming or explores new platforms. Can’t wait for more updates!
This is really interesting! I’m curious to see what direction Tyler Perry will take next. With his track record, I bet he’ll create something groundbreaking no matter where he lands. Excited to see how the streaming landscape changes with his move!
It’ll be interesting to see what Tyler Perry decides next! With his track record, I’m sure whatever he chooses will have a significant impact on the streaming landscape. I hope he explores new platforms that allow for even more creative freedom!
It’s interesting to see Tyler Perry reevaluating his options as his BET+ contract comes to an end. With his track record, whatever he decides next could really shake up the streaming landscape. I’m excited to see what new direction he might take!
It’s interesting to see Tyler Perry exploring new streaming options after such a lucrative deal with BET+. His creative vision has always pushed boundaries, and I can’t wait to see what direction he takes next. Will he stick with the traditional model or look for something innovative? Exciting times ahead!
I’m really curious to see what Tyler Perry decides to do next! His impact on the industry is huge, and I’m excited to see how he’ll shape the future of streaming. With so much competition out there, it’ll be interesting to see what direction he takes. Hope he continues to create amazing content!