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Bet Media Group

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business2 years ago

Paramount's Failed Attempt to Sell BET Leaves Investors Disappointed

Paramount Global's stock dropped 2% after the company abandoned its efforts to sell a stake in BET Media Group, citing a lack of value creation and debt reduction. The company has been looking to streamline its operations and recently sold its book publishing unit, Simon & Schuster. Paramount, like other media companies, is facing a decline in pay-TV subscribers while trying to establish itself in the direct-to-consumer streaming business. Bidders for BET Media Group included Byron Allen, Shaquille O’Neal, Tyler Perry, and Sean “Diddy” Combs, with bids ranging between $2 billion and $3 billion. The division is seen as strategically valuable to Paramount despite challenges in the traditional TV business.

via Deadline|
#bet-media-group#business#debt-reduction
business2 years ago

Paramount Global Abandons Sale of Majority Stake in BET

Paramount Global has decided to cancel the sale of a majority stake in its BET Media Group, which includes VH1 and BET Studios, BET+, and the BET channel, as it would not significantly reduce its debt. Bids for the stake ranged from $2 billion to $3 billion, with media moguls Sean "Diddy" Combs, Tyler Perry, and Byron Allen expressing interest. Combs, who already owns Revolt network, sees the acquisition as an opportunity to build a Black-owned global media powerhouse. Perry owns a minority stake in BET and produces much of its programming, while Allen recently acquired the Black News Channel and invested over $1 billion in acquiring TV affiliates.

via Variety|
#bet-media-group#business#byron-allen
business2 years ago

Paramount's Decision: BET Majority Stake Remains Unsold

Paramount Global has decided not to sell a majority stake in its BET Media Group, which includes the BET channel, streamer BET+, VH1, and BET Studios. This comes after expressed interest from Tyler Perry, Byron Allen, Sean "Diddy" Combs, and others. Paramount has been looking to slim down its assets to focus on streaming, but its streaming division is still not profitable. The company recently sold off major book publisher Simon & Schuster and other properties. Paramount has faced challenges due to cord-cutting and declining subscriber numbers.

via Hollywood Reporter|
#bet-media-group#business#byron-allen
entertainment2 years ago

DC Young Fly Mourns Loss of Partner Ms Jacky Oh.

DC Young Fly, star of "Wild 'N Out," has released a statement thanking everyone for their well wishes following the death of his partner, Ms Jacky Oh. BET Media Group also confirmed her passing and extended their condolences to her family and friends. The cause of her death is unknown. Ms Jacky Oh was a former television personality and mother of three children with DC Young Fly. She was a beloved colleague of the "Wild 'N Out" cast and will be deeply missed.

via Entertainment Tonight|
#bet-media-group#dc-young-fly#death
entertainment2 years ago

Remembering Jacky Oh: DC Young Fly and Hip-Hop Community Mourn Loss

DC Young Fly, star of Wild 'N Out, has spoken out for the first time since the death of his partner, Jacky Oh, at the age of 32. The BET Media Group confirmed her passing and paid tribute to the "tremendous mother" and "beloved colleague" of the Wild 'N Out cast. Jacky Oh and DC Young Fly first met in 2015 when she was a Wild 'N Out girl, and they shared three children together. Since retiring from the show, Jacky Oh launched a lip gloss business and received her real estate license in Georgia.

via E! NEWS|
#bet-media-group#dc-young-fly#entertainment
entertainment2 years ago

MTV's Wild 'N Out Star Jacky Oh Dies at 32, Plastic Surgeon Linked to Her Receives Negative Reviews

Jacky Oh, a star of MTV's Wild 'N Out, has died at the age of 32. The US sketch comedy and rap battle improv game was created and hosted by Nick Cannon, and Jacky Oh was part of the cast for five seasons. BET Media Group paid tribute to the "loving friend and beloved colleague" in a statement, adding that she was a "tremendous mother to three beautiful children". No further details about her death have been released.

via The Independent|
#bet-media-group#entertainment#jacky-oh
entertainment2 years ago

Former 'Wild 'N Out' Cast Member Ms Jacky Oh! Passes Away at 32.

Former "Wild 'N Out" star Ms Jacky Oh! has passed away at the age of 32. She was a beloved colleague and mother of three. Ms Jacky Oh! reportedly died in Miami, where she had traveled to undergo a "mommy makeover" surgery. Her cause of death is not yet known. She had been in a relationship with DC Young Fly since 2015, and they shared three children.

via Los Angeles Times|
#bet-media-group#dc-young-fly#entertainment
entertainment2 years ago

'Wild 'N Out' Star's Girlfriend Dies at 32, Plastic Surgeon Linked to Controversy.

Jacky Oh, a former cast member of the sketch comedy and battle rap improv game show "Wild 'N Out," has died at the age of 32. The cause of her death has not been disclosed. She was a beloved colleague and friend to the cast and a loving mother to her three children. Jacky Oh was romantically linked to fellow cast member DC Young Fly and was reportedly working as a realtor.

via Deadline|
#bet-media-group#dc-young-fly#death