BET Networks and Tyler Perry Studios to Launch BET+

NEW PREMIUM SVOD PRODUCT SERVING AFRICAN AMERICAN AUDIENCES TO DEBUT IN THE FALL

MORE THAN 1,000 HOURS OF EXCLUSIVE ORIGINALS AND FAN-FAVORITE SERIES, MOVIES AND SPECIALS FROM BET, TYLER PERRY, TRACY OLIVER, WILL PACKER AND MANY MORE

NEW YORK -- BET Networks, a unit of Viacom Media Networks (NASDAQ: VIAB, VIA), and Tyler Perry Studios today unveiled a new joint venture to launch BET+, a premier subscription video-on-demand service focused on the African American audience. Available to consumers this fall, BET+ will feature more than 1,000 hours of premium content including exclusive new original programming and fan-favorite series, movies, and specials from BET Networks, world-renowned creator Tyler Perry, and a host of leading African American content creators.

"African Americans are the leading consumers of streaming services, with higher SVOD adoption rates than other consumers, which is why we're so excited to launch a premium product for this underserved audience. BET+ is a natural extension of BET's linear network, which has been the leading home of black culture for decades. Our curated catalog and original programming will keep the BET+ content offering fresh, fueling subscriber growth, viewership and retention," said Scott Mills, President of BET Networks. "Tyler Perry is the perfect partner for BET+. The combination of new, original shows and his giant library of popular movies, series and stage plays that Tyler brings to our joint venture creates an amazing product for his large and passionate fan base."

"In our industry, the way people consume content is constantly evolving. I've paid attention to my audience and what works for them and, for that reason, I'm very excited not only about the idea of partnering with BET to create new and exciting content, but also about the idea of giving people a personalized experience through the ability to curate the content they love to consume. On a personal level, this will also be the first time I'll be working in areas like unscripted and variety television, which will afford me the opportunity to work in fresh, creative ways with new voices and to discover new talent," said Tyler Perry.

BET+ will offer consumers a comprehensive collection of premier African American-focused dramas, sitcoms, films and specials in the streaming universe. It will be the official home of Tyler Perry's collected works across film, television and the stage. The service will feature Tyler Perry's box office-topping theatrical films, including films from the "Madea" series; original series "House of Payne" and "Meet the Browns" and a selection of Perry's stage plays.

In addition, the first BET+ original - "First Wives Club," a new 10 episode scripted drama from acclaimed "Girls Trip" screenwriter Tracy Oliver - will debut on the service in the fall. The modern television remake of the classic 1996 revenge comedy starring Goldie Hawn, Bette Midler and Diane Keaton now stars an all-star African American cast including Jill Scott ("Why Did I Get Married"), Ryan Michelle Bathe ("This is Us," "Empire") and Michelle Buteau ("Isn't It Romantic"). "First Wives Club" kicks off BET+'s slate of exclusive original programming that includes the premiere of a new series from blockbuster hit-maker Will Packer ("Ride Along," "Think Like a Man") and new original series from Tyler Perry and more.

The service will also feature a deep library of beloved series, films, and documentaries from BET Networks and the Viacom portfolio - including "Real Husbands of Hollywood," "The New Edition Story," "The Quad," "College Hill," "Comic View," "Hell Date," and more - most of which have not previously been available on streaming platforms.

BET+ will be available at launch on Android devices such as Samsung Galaxy, iOS devices such as the Apple iPad and iPhone, as well as other streaming devices.

BET's new and current-window programming will continue to be available on BET's linear network, including the newly-announced Tyler Perry original drama, "The Oval," which will debut on BET as the first series under Perry's multi-year content partnership with the network. With over 75 hours of new original content slated to premiere on BET over the next year, Perry's line-up will also include another drama series, two comedy series, and a live holiday-themed production. BET fans will have additional access points to BET content on BET.com and the BET Now app for TV Everywhere users.

In addition, BET's recently launched channel on Pluto TV, the leading free streaming television service in the U.S., will continue to feature hundreds of hours of classic films and box office hits from the best of black Hollywood.

For more information on BET+ visit bet.com/betplus.

ABOUT BET NETWORKS

BET Networks, a subsidiary of Viacom Inc. (NASDAQ: VIA, VIA.B), is the nation's leading provider of quality entertainment, music, news and public affairs television programming for the African-American audience. The primary BET channel is in nearly 85 million households and can be seen in the United States, Canada, the Caribbean, the United Kingdom, sub-Saharan Africa and France. BET is the dominant African-American consumer brand with a diverse group of business extensions including BET.com, a leading Internet destination for Black entertainment, music, culture, and news; BET HER (formerly CENTRIC), a 24-hour entertainment network targeting the African-American woman; BET Music Networks - BET Jams, BET Soul and BET Gospel; BET Home Entertainment; BET Live, BET's growing festival business; BET Mobile, which provides ringtones, games and video content for wireless devices; and BET International, which operates BET Networks around the globe.

ABOUT TYLER PERRY STUDIOS

Tyler Perry Studios is a state-of-the art film and television production facility founded in 2006 by actor, producer, filmmaker, playwright and philanthropist Tyler Perry. Located in Atlanta, Georgia on the historic grounds of the former Fort McPherson army base, the new 330-acre campus is one of the largest production studios in the country. It boasts a variety of shooting locations including 40 buildings on the national register of historic places, 11 purpose-built sound stages, 200 acres of green space and an expansive backlot.

ABOUT VIACOM

Viacom creates entertainment experiences that drive conversation and culture around the world. Through television, film, digital media, live events, merchandise and solutions, our brands connect with diverse, young and young at heart audiences in more than 180 countries.