Media mogul Byron Allen has made a bold move with a $14.3 billion bid to acquire Paramount Global, as reported by The Post. Simultaneously, Paramount’s board, led by media heiress Shari Redstone, has initiated discussions about potential strategic alternatives, including a potential auction of the entertainment giant. Text “RICKEY” to 71007 to join the Rickey Smiley Morning […]

Media mogul Byron Allen has made an offer to acquire BET from Paramount Global for $3.5 billion. Allen, the founder and CEO of Allen Media Group, emailed senior executives and the board at Paramount Global, proposing the purchase of BET Media Group, which includes the BET cable channel, VH1, BET Studios, and the streaming service […]

Paramount may soon finalize the sell of its powerhouse conglomerate Black Entertainment Television (BET). Despite prior inquirers from Hollywood billionaires, the new potential buyer is a reportedly a management-led investor group, as reported by Bloomberg on Wednesday. The report stated that potential buyers include BET Chief Executive Officer Scott Mills and Chinh Chu, a former […]

After months of deliberations and interests shown by Tyler Perry, Sean "Diddy" Combs and others, Paramount calls off the BET sale.

The industry should know by now to never short Mo’Nique on a check! The Oscar-winning actress and comedian is now seeking unpaid royalties from her hit series The Parkers in a court case against Paramount Studios, CBS, and Big Ticket Production (the show’s production company). Text “RICKEY” to 71007 to join the Rickey Smiley Morning […]