Tyler Perry Reportedly Looking Ahead to the End of His $150M-Per-Year BET+ Contract, Considering His Next Streaming Option

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?

NEW YORK, NEW YORK – DECEMBER 05: Tyler Perry attends the “Don’t Look Up” World Premiere at Jazz at Lincoln Center on December 05, 2021 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Netflix)

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. 

What people are saying

66 thoughts on “Tyler Perry Reportedly Looking Ahead to the End of His $150M-Per-Year BET+ Contract, Considering His Next Streaming Option

  1. Mp4 Juice says:

    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!

  2. Y2mate says:

    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!

  3. Lottery 7 says:

    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!

  4. 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!

  5. 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.

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    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!

  8. 101 Lottery says:

    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!

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  10. 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!

  11. 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!

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  18. 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!

  19. 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!

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    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!

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    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!

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    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!

  23. A1 lottery says:

    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?

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