owner of bet tyler perry
Owner of Tyler Perry Studios
The Tyler Perry Studios, a sprawling 330-acre production facility in Atlanta, Georgia, is fully owned by acclaimed actor, filmmaker, and playwright, Tyler Perry. He purchased the property, formerly the Fort McPherson army base, in 2015.
Tyler Perry’s Ownership
While Tyler Perry doesn’t own BET (Black Entertainment Television) outright, he holds a significant equity stake in the network. He acquired this stake in 2019 as part of a multifaceted deal with ViacomCBS (now Paramount Global). This deal also saw Perry launching his own streaming service٫ BET+٫ in partnership with the network. Though the exact percentage of his ownership hasn’t been publicly disclosed٫ it’s been reported as a substantial investment that grants him considerable influence within BET. This strategic move reflects Perry’s commitment to Black storytelling and ownership within the media landscape.
History and Growth of Tyler Perry Studios
Tyler Perry Studios, one of the largest production facilities in the United States, has a history rooted in ambition and a commitment to creative control. Founded by Tyler Perry in 2006, the studio originally operated from a smaller lot in Atlanta before Perry made the monumental decision to purchase the former Fort McPherson army base in 2015. This 330-acre property became the studio’s new home, marking a turning point in its history.
The acquisition allowed for an unprecedented expansion, transforming the historic grounds into a state-of-the-art production hub. Today, Tyler Perry Studios boasts twelve purpose-built sound stages, a diverse backlot, and twenty buildings on the National Register of Historic Places. This massive undertaking cemented the studio’s position as a major player in the film and television industry and stands as a testament to Perry’s entrepreneurial vision and dedication to fostering opportunities for diverse voices in entertainment.
Tyler Perry’s Business Empire
Tyler Perry’s entrepreneurial ventures extend far beyond Tyler Perry Studios, encompassing a diverse portfolio that solidifies his status as a business mogul. While he doesn’t own BET (Black Entertainment Television), he has been a significant stakeholder in the network, previously holding a stake in its streaming service, BET+. His production company, Tyler Perry Studios, has been instrumental in creating a vast library of content, including popular television shows and blockbuster films.
Perry’s business acumen is further evidenced by his strategic investments and partnerships. He has leveraged his success in entertainment to pursue opportunities in real estate, owning a collection of properties across the United States. From his former Atlanta estate, Avec Château, to residences in New York, Los Angeles, and Wyoming, Perry’s real estate holdings are a testament to his financial prowess. This diversified approach to business, coupled with his unwavering commitment to ownership, has been crucial in building an empire that extends far beyond the realm of entertainment.
Philanthropic Activities
Beyond his undeniable success in the entertainment industry and business ventures, Tyler Perry has consistently demonstrated a profound commitment to philanthropy. His dedication to giving back is deeply rooted in his personal journey and a desire to uplift others facing adversity. Established in 2006, The Perry Foundation serves as a testament to his philanthropic spirit, focusing on initiatives that address poverty, homelessness, education, and healthcare disparities.
Perry’s generous contributions have extended to a wide range of organizations and causes, including providing essential supplies to those impacted by Hurricane Katrina, supporting feeding programs, offering educational opportunities to underprivileged youth, and championing initiatives that promote economic empowerment within marginalized communities. His actions exemplify a belief in leveraging his platform and resources to make a tangible difference in the lives of others. Through The Perry Foundation and his ongoing charitable endeavors, Tyler Perry continues to demonstrate that his legacy extends far beyond the screen, encompassing a deep-seated commitment to social responsibility and impactful philanthropy.