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 inv
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.Source: Reuters
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine war disrupted global conservation, may have spillover effects on migratory birds in S’pore: ExpertsThe isolation of Russia has led to the prioritisation of security interests in favour of conservation goals and disrupted international cooperation. Read more at straitstimes.com.
Read more »
China Jan-Feb trade likely contracted again as global economy slowed - Reuters pollBEIJING : China likely again exported and imported less in January-February than a year earlier, backing policymakers' fears that a slowing global economy could drag on growth at home, a Reuters poll showed on Monday.Data for the period January-February are expected to show a 9.4 per cent fall in exports
Read more »
Black Ferns secure Olympic berth with fourth world series titleNew Zealand claimed their fourth straight World Rugby Sevens Series title with a 19-12 win over Australia in the final in Vancouver on Sunday, becoming the first team to qualify for next year's Olympics where they will be defending champions.The Black Ferns, who won in Tokyo in 2021 by beating France in t
Read more »
A new Counter-Strike game is reportedly in development and could arrive later this monthMore than a decade after the release of Counter-Strike: Global Offensive, Valve is reportedly preparing to announce a new version of its landmark tactical shooter.
Read more »
China’s slower growth expected as economy matures; increase in defence spending likely to continue: AnalystsChina’s low economic growth target is in line with a global slowdown, and is a natural progression as the world’s second largest economy matures, analysts said.
Read more »
I thought I was going to die, says driver after tree fell across Tiong Bahru RoadSINGAPORE – As he was driving along Tiong Bahru Road on Friday, Mr Wang saw a big tree to his left tilt before it started crashing down in his path. “I thought ‘I’m definitely going to die’,” the 22-year-old told Shin Min Daily News, before he floored the accelerator of his father’s black Mercedes-Benz sedan, hoping that the tree would...
Read more »