BET+ Ownership: A Comprehensive Guide

(BET Plus) is a popular streaming service targeting the African American community. This article aims to provide a detailed breakdown of who owns BET+ and the intricate corporate ownership structure behind the platform.

Who Owns BET+?

BET+ is a streaming service owned by ViacomCBS, a global media and entertainment conglomerate. ViacomCBS was formed in 2019 through the merger of Viacom and CBS Corporation.

Ownership Structure:

National Amusements is the majority owner of ViacomCBS, with a controlling stake of 79.6%. National Amusements is a privately held company owned by the Redstone family. Sumner Redstone, the founder of Viacom, controlled National Amusements until his death in 2020. His daughter, Shari Redstone, is currently the chairwoman of National Amusements and ViacomCBS.

Benefits of BET+ Ownership

Being owned by a major media conglomerate like ViacomCBS provides several benefits to BET+:

• Financial stability: ViacomCBS has substantial financial resources, which allows BET+ to invest in original content, expand its platform, and acquire new customers.

  

  

• Access to content: As part of ViacomCBS, BET+ has access to a vast library of content from popular networks such as BET, Comedy Central, and MTV. This allows BET+ to offer a diverse range of programming to its subscribers.

• Marketing and distribution: ViacomCBS has a wide reach through its television networks, digital platforms, and cable subscribers. This provides BET+ with a strong marketing and distribution network to promote its service.

History of BET+ Ownership

BET+ was launched in 2019 as a premium streaming service for African American audiences. It was initially owned by BET Networks, a subsidiary of Viacom. In 2019, Viacom merged with CBS Corporation to form ViacomCBS, which became the parent company of BET Networks and BET+.

Common Mistakes to Avoid

When discussing the ownership of BET+, it is important to avoid common mistakes such as:

• Assuming that ViacomCBS is the sole owner: As mentioned earlier, National Amusements holds the controlling stake in ViacomCBS.

• Confusing BET+ with BET Networks: While BET+ is a streaming service, BET Networks is a television network that produces original content for BET+.

• Overlooking the role of Shari Redstone: As the chairwoman of both National Amusements and ViacomCBS, Shari Redstone plays a significant role in the ownership and direction of BET+.

Further Insights

Market Share:

According to a 2022 report by Parks Associates, BET+ has a market share of 3.3% in the streaming video market among African American households.

Content Strategy:

BET+ focuses on providing a mix of original content, acquired programming, and live events. Some of the popular original series on BET+ include "First Wives Club", "American Soul", and "Ruthless".

Pricing:

BET+ offers two subscription tiers: a monthly plan for $9.99 and a yearly plan for $99.99. The yearly plan provides a significant discount compared to the monthly subscription.

Tips and Tricks

• Sign up for the free trial: BET+ offers a 7-day free trial for new subscribers. This allows you to try out the service before committing to a subscription.

• Use a VPN: If you are traveling outside of the United States, you can use a VPN to access BET+.

• Bundle with other services: ViacomCBS offers bundles that include BET+ with other streaming services such as Paramount+ and Showtime. This can save you money on your monthly subscription costs.

Conclusion

BET+ is a leading streaming service for African American audiences, owned by ViacomCBS. The platform benefits from the financial stability, content library, and marketing reach of its parent company. Understanding who owns BET+ is crucial for gaining insights into its operations, content strategy, and market position.

Who Owns BetPlus? A Comprehensive Guide

The world of online betting is rapidly growing, with new platforms emerging all the time. BetPlus is one such platform that has gained popularity in recent years. But who owns BetPlus? This article will delve into the ownership structure of BetPlus and provide insights into its parent company, management team, and key stakeholders.

Background of BetPlus

BetPlus is an online betting platform that offers a wide range of sports betting options, including live betting, casino games, and virtual sports. The platform is operated by BetPlus Limited, a company registered in Curacao. BetPlus holds a license from the Curacao Gaming Authority, ensuring its compliance with international gambling regulations.

Ownership Structure

BetPlus Limited is a wholly-owned subsidiary of ProgressPlay Limited. ProgressPlay is a leading provider of online gaming solutions, operating several other successful betting and casino brands. The company was founded in 2012 and has its headquarters in Malta.

ProgressPlay is owned by a private equity firm called Catena Media Group. Catena Media is a Swedish company that specializes in online gaming marketing and business-to-business services. The group provides marketing services to over 3,500 casinos and sportsbooks worldwide.

Management Team

The management team at BetPlus is led by CEO Neil Andrews. Andrews has extensive experience in the gaming industry, having previously held senior positions at other betting platforms. The team also includes COO David O'Hara, CFO John Hart, and CMO Simon Bull.

Key Stakeholders

The key stakeholders of BetPlus include:

• Customers: Bettors who use the platform to place bets on sports and play casino games.
• Shareholders: The owners of ProgressPlay Limited, including Catena Media Group.
• Employees: The team that works at BetPlus, including management, customer support, and technical staff.
• Regulators: The Curacao Gaming Authority, which ensures that BetPlus operates in accordance with gambling regulations.
• Partners: Third-party providers that offer services to BetPlus, such as software developers and payment processors.

Financial Performance

ProgressPlay Limited, the parent company of BetPlus, reported strong financial performance in 2022. The company's revenue reached €105 million, representing a 20% increase from the previous year. BetPlus is believed to be a significant contributor to ProgressPlay's overall revenues.

Market Share

BetPlus has a strong presence in several regulated markets, including the UK, Ireland, and Canada. The platform is also gaining popularity in other jurisdictions, such as Germany, Sweden, and Norway.

Competitors

BetPlus competes with a number of established online betting platforms, including:

• Bet365
• William Hill
• 888sport
• Bwin
• Betfair

Common Mistakes to Avoid

When choosing an online betting platform, it is important to be aware of common mistakes to avoid:

• Not checking the license: Always ensure that the platform is licensed by a reputable authority.
• Overlooking the terms and conditions: Make sure you understand the platform's rules and regulations before placing any bets.
• Chasing losses: Never bet more than you can afford to lose.
• Ignoring security measures: Use a strong password and protect your financial information.
• Falling for scams: Be cautious of fraudulent emails or websites that claim to be associated with BetPlus.

How to Get Started with BetPlus

If you are new to online betting, follow these steps to get started with BetPlus:

1. Create an account: Visit the BetPlus website and click on the "Register" button.
2. Provide your information: Fill in the registration form with your personal and contact details.
3. Verify your email address: Check your email for a verification link and click on it to activate your account.
4. Make a deposit: Fund your BetPlus account using a variety of payment methods.
5. Start betting: Browse the sportsbook and place bets on the events of your choice.

FAQs

1. Is BetPlus a legitimate platform?

Yes, BetPlus is a legitimate online betting platform operated by ProgressPlay Limited, a licensed company with a strong reputation in the industry.

2. What sports can I bet on BetPlus?

BetPlus offers a wide range of sports betting options, including football, basketball, tennis, cricket, and many more.

3. Can I play casino games on BetPlus?

Yes, BetPlus offers a variety of casino games, including slots, blackjack, roulette, and baccarat.

4. What payment methods are available on BetPlus?

BetPlus accepts a variety of payment methods, including credit/debit cards, e-wallets, and bank transfers.

5. Is BetPlus regulated?

Yes, BetPlus is licensed by the Curacao Gaming Authority, ensuring compliance with industry standards.

6. What is the minimum deposit amount on BetPlus?

The minimum deposit amount on BetPlus is €10 using most payment methods.

Conclusion

BetPlus is a reputable online betting platform owned by ProgressPlay Limited, a leading provider of gaming solutions. The platform offers a wide range of sports betting and casino game options, backed by a strong management team and financial performance. By understanding the ownership structure, key stakeholders, and common mistakes to avoid, bettors can make informed decisions when using BetPlus.