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BET+ is a streaming service operated by Tyler Perry Studios and the BET Media Group, a subsidiary of Paramount Global's CBS Entertainment Group.The service was first announced on June 24, 2019, and launched on September 19, 2019.
The deal closed in 2001, with BET Holdings' networks becoming part of MTV Networks; but was eventually placed under BET Networks. In 2005, Robert Johnson retired as CEO, and was replaced with Debra L. Lee. Around the same time, Viacom was looking into splitting into two entities following multiple issues surrounding the company.
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After stepping down as a lobbyist for the cable industry, Freeport, Illinois native Robert L. Johnson decided to launch his own cable television network. Johnson acquired a loan for $15,000 (equivalent to $55,648 in 2023) and a $500,000 (equivalent to $1,854,921 in 2023) investment from media executive John Malone to start the network. [3]
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