Investing
Paramount Global mulls sale of majority stake in BET
© Reuters. FILE PHOTO: Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – Paramount Global is mulling the possible sale of a majority stake in BET Media Group, which includes the BET cable network, BET Studios and VH1, a source confirmed.
The company believes BET, an entertainment brand focused on the Black community and culture, would attract substantial interest from Black investors or institutions, the source said.
Paramount hopes to maintain a minority stake to benefit from any value that might be unlocked by the transaction.
Previously, the media company partnered with the actor and filmmaker Tyler Perry to launch the BET+ subscription service in 2019, and he retains a minority stake. It also formed BET Studios through a partnership with “Black-ish” creator Kenya Barris, actress Rashida Jones and “S.W.A.T” co-creator Aaron Rahsaan Thomas.
The Wall Street Journal first reported that Paramount was exploring a possible sale.
Read the full article here
Barbara Corcoran: 5% Rate Would Make the Market Go Ballistic
Why Donald Trump’s Business-First Policies Trump Harris’ Consumer-Centric Approach
Not Backing up Your Phone? This is Why You Need to Start.
The App That Makes You Think Like a CEO
Swiss voters reject more powers for landlords on subletting By Reuters
How to Create a Unique Value Proposition (With Tips & Examples)
Are You Missing These Hidden Warning Signs When Hiring?
The DOJ Reportedly Wants Google to Sell Its Chrome Browser
7 Common Things You Should Never Buy New
This Founder Turned a Hangover Cure into Millions
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles5 days agoHow to Create a Unique Value Proposition (With Tips & Examples)
-
Investing4 days agoAre You Missing These Hidden Warning Signs When Hiring?
-
Side Hustles5 days agoThe DOJ Reportedly Wants Google to Sell Its Chrome Browser
-
Make Money4 days ago7 Common Things You Should Never Buy New
-
Investing6 days agoThis Founder Turned a Hangover Cure into Millions
-
Investing1 day agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Side Hustles2 days agoApple Prepares a New AI-Powered Siri to Compete With ChatGPT
-
Passive Income1 day agoHow to Create a Routine That Balances Rest and Business Success