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The exact economic information of your offer haven't been disclosed, but specialists on this sort of transaction have placed a substantial worth about the acquisition of the two networks. With the purchase, Perry assumes Regulate around Wager Media Group, which includes other networks which include VH1.
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Irrespective of whether any of your aforementioned names just take above Guess, it’s distinct that there’s lots of desire inside the Black Entertainment Network getting Black-owned.
By August 2023, Paramount announced that it experienced finished its initial want to provide its greater part stake in Wager Media Group stating that “a sale wouldn’t cause any meaningful deleveraging of its balance sheet,” as Formerly shared by AFROTECH™.
In accordance with his longtime Pal and television persona Rolanda Watts, Tyler Perry has cemented his place in historical past by buying The 2 key television networks, producing him the primary African American to do so. The acquisition follows the news that Paramount International has sought to sell a vast majority stake in BET.
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designed a jaw-dropping offer, but we aren't positive it is possible to cope with it. Brace yourselves, 'lead to listed here it truly is: Tyler Perry has swooped in and snatched up the two legendary networks (Guess and VH1) for just a whopping $four hundred million! That is some significant schmoney, and our heads are still spinning at the assumed!
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“To honor the extended ignored truly worth with the 6888 is the best privilege of my job So far,” Perry captioned a photograph on the movie’s ensemble.
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He acknowledged the unforeseen character in the acquisition, stating, “I’ve been there for 4 yrs now and had incredible good results… If that is possible, I’m very, very serious about getting as much of it as I'm able to.”
African Americans literally designed this United states of america by sweat & blood. This country owes a debt of gratitude to a tremendous people who after all however endure & rise. I request which you use some humanity & compassion for any people that has sustained so much & allowed your people to profit More hints as a result of their blood & uncompensated labor. Recall your individual viscous heritage of robbing, killing & pillaging Some others land just for the greedy conquest. Appear how considerably back again your entitlement goes. “AND IF YOU DON’T KNOW, NOW YOU KNOW”
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