It is not rare for individuals either in America or worldwide to have heard of the popular Television Network BET. If you are familiar with this TV station, then you should know that it is the home for African American Entertainment. In case you don’t know what BET stands for, all you need to know about it can be found in this article.
The Black Entertainment Network (BET) Holdings Incorporated is a broadcasting and entertainment company devoted entirely to African-Americans. It covers up over ninety percent of its earnings from affiliate marketers’ subscriptions and has nearly sixty million viewers every day– including me! This company was founded by Robert L king who later sold his ownership rights to Viacom Inc., which currently owns the network.
Black Entertainment Television is a large company that specializes in media of African-American nature. With over 60 million subscribers and generating 90% of their money from subscriptions, BET is one of the most popular channels for businesses to advertise on. One of the creators and founders, Robert L. Johnson, had originally sold his creation to Viacom Inc., which now owns it completely.
However he didn’t stop there – securing more control by introducing commercials and lower prices; adding new features such as R&B artists’ music videos being played on MTV when they were previously scarce due to discrimination based upon skin color; sports including mainly black colleges such as football or basketball games; acquiring other struggling networks too and expanding them because they too suffer from lack of diversity in productions. Nowadays, BET is thriving with many new features under its belt thanks to Robert L. Johnson who had never let his dream die.
He enlisted the help of the Taft Television Network and the Home Box Office. BET’s broadcast period was raised to 24hrs a day due to this move, which brought additional cash for the network. As a result, BET made its first gain in the early 1990s. Alongside pop music and live programs targeted at youth, there also came sports commentary, talk shows discussing societal topics – along with those showcasing some comedic relief – most notably through such famed personalities as Martin Lawrence.
What is BET?
BET Entertainment (BET) is an internationally televised U.S. TV station headquartered in Washington, D.C. It’s owned by Viacom Incorporated and is often frequented by 80 million viewers all over the world via satellite connections every day- making it one of the highest watched channels for youths residing within that demographic range among all other networks.
BET has a catalogue consisting of music programs and storytelling series‚ exemplified through its late night talks show 106 & Park. Additionally, the company broadcasts 106 & Park during morning hours daily on affiliated local broadcast stations, along with five other original made productions – One Night Stand, For Peete’s Sake, The Real, Diary of a Mad Black Woman and Beyonce Special.
On January 25, 1980, the channel made its debut. It all started when former telecommunication industry lobbyist Robert L. Johnson observed a drastic shortage in minority-related programming for television. So he founded BET to produce more uplifting and positive entertainment for Black people living in America. This turned out to be a wise decision because with nearly 100 million users across the nation – mostly African Americans – BET is now considered an essential part of American culture and also provides financial stability to an otherwise struggling industry.
So, what exactly is BET?
The headquarters for Black Entertainment Television (BET) are found in Washington, D.C. It will be mentioned later on that Viacom uses BET for its distribution network. As one of the largest providers of entertainment for black people, it makes sense why there’s such a high viewership amongst its audience – which includes eighty-plus million viewers across the globe. The station started off as an advertisement platform for R&B artists back during its inception but eventually turned into something more; being available as one of the first channels to broadcast music videos from Soul Train and co-sponsoring with Motown records for live concerts overseas.
This channel is operated by the company’s entertainment division. Besides BET Gospel, BET on Jazz, and BET Hip-Hop, BET has various other channels such as BET Pictures and BET International. As a result, they also have a significant stake in their website – which was first created back in 1980.
They began with a two hour show only every week which eventually turned into one day per week then finally going to 24 hours per day broadcasting across North America and the Caribbean – while airing vintage black condition comedies occasionally. A few original programs make up most of its programming even though they did take some risks initially with new content ideas for what became those groundbreaking programs now seen today on other networks.
Is there a black network called Bet?
Black Entertainment Television, or BET as it’s more commonly known, used to be a respectable cable network only intended for African American audiences. It offered new ideas and brought something different to the table every time you tuned in. However, now it is just another broadcast station airing old shows from decades past.
It seems like once again, BET is not African-American owned. It’s unfortunate because this network has been created for the sole purpose of showcasing black culture – which it did under its original owner, Robert Johnson until 2003 when he sold it to Viacom who also owns MTV and VH1.
Who owns BET?
Robert L. Johnson, the founder of BET, sensed an opportunity to improve African American viewers across a cable Television network after becoming an advertizer for broadcast T.V. in the 70s. He started airing short films in 1980 and was the first black-owned company to be listed on NYSE 11 years later – when it had already moved into publishing as well to diversify its portfolio.
Emerge, BET Weekend and Heart & Soul are some of the magazines that BET produces for Black audiences. The channel airs 2 hours per day but starts off with old TV shows such as sitcoms or horror movies before moving onto more recent movies which play constantly throughout each year, one every three weeks or so until they become all classics themselves over time. Music videos also were pioneered through this channel; starting off with pop songs before going into rock, soul and rap tunes too over time – all strictly contemporary though!
Who controls BET? Who Owns Bet? History of Bet?
BET was launched in 1980 by Robert L. Johnson, a television mogul. Seeing the chance to bring an increased number of African Americans onto his new cable channel, he screened short films for about five years before having BET listed on the NYSE as America’s first ever Black-owned broadcast station; an achievement now considered one of his proudest moments even after branching out into other areas of media and real estate.
It can now be found in both print and digital formats, always seeking out ways to innovate while giving back to the community through projects like teaching inner city children how they too can contribute creatively just like their idols at BET Awards shows.
There are many magazines targeted towards people of color that this publishing company produces, including Emerge, BET Weekend, and Heart & Soul. Everyday they air for a few hours; usually dominated by films from the early 1950s as well as classics such as horror movies – though there is also some variety in their selections too. MTV helps spread pop music all over society. Music dominates the TV station which focuses on contemporary songs or cutting edge artists’ work.
You can keep up with who owns bet through Johnson who used the lack of African American musicians on MTV to reduce prices – though sadly it failed due to bankruptcy after six years; but he found new partners through partnerships with record labels, airing gospel shows and other programming just for African Americans like college sports games until he succeeded in creating what we know now as BET Networks today.
The revenue generated by the Taft Television Network and the Home Box Office increased when they broadcasted for longer periods of time, causing an increase in advertising. BET was successful early on because they aired pop music and shows targeting at younger audiences which allowed them to make gains. As times changed, so did their content, including comedic acts, conversation shows, and sporting events.
Who is leaving Bet?
A veteran top executive of Viacom’s cable networks has left the company. After 30 years at BET, Debra Lee stepped down from her position as Chairman and CEO for BET Networks on Monday, May 28th, 2018. She started out as the company’s first VP and General Counsel back in 1986 when she joined after law school.
BET networks is a subsidiary of Viacom Inc. (NASDAQ:VIA) and the Nation’s leading provider of quality entertainment, music, news and public affairs television programming for the African-American audience. For example, BET is available in over 85 million households in America alone; it also has channels which are viewed across other countries such as Canada, Caribbean, UK, sub-Saharan Africa and France.
Brief Background History Around Black Entertainment Television (BET) Founder
Born in 1946, Johnson is the ninth child of Edna and Archie Johnson who had him while they lived in Hickory, Mississippi. His father was a farmer while his mother was a teacher before they relocated to Freeport, Illinois when he was young during high school where John excelled as one of the top students. In 1968 after graduating from college with honors- earning a bachelor’s degree in social studies – John went back home to take care of his sick mother full time until she died less than three months later due to cancer.
In 1972, he graduated from Princeton University’s Woodrow Wilson School of Public Affairs with a master’s degree in public affairs. Just after graduation, he secured employment in Washington, D.C., which took him to the media industry where his career began – seeing the full extent and power of TV broadcasts first hand while working with the Organization for Broadcasting Television as well as coordinating communication between police departments across America when he was employed by Washington, DC Police Department.
Walter E. Fauntroy found Johnson in Washington D.C., hiring him as his Press Secretary for the National Urban League. Johnson then became Vice President of Government Relations for NCTA and acquired an NBA franchise, from there joining forces with Charlotte when they accepted him as one of their newest team owners after he joined them in 2003 alongside getting funding from Robert Loring McNair Jr., who would later give him access to $100 million dollars to work with for the team.
The owner of The Sting, a Women’s National Basketball Association club in Charlotte, North Carolina, was Johnson when he acquired the franchise for 3 billion dollars. In October 2004 Carolinas Sports Entertainment Network, or C-SET (a regional sports and entertainment cable TV network) – which had been founded by Johnson – broadcasted onto televisions all over New York City but they failed within one year. His basketball teams also couldn’t afford to keep running without any money coming in so he sold his shares of both clubs to women’s professional league and The Sting went defunct one year later while MJ took control over the Bobcats after buying it from him in 2010.
how to bet on sports?
- Seat yourself.
- Take a few wagering sheets with you.
- Understand the specifics of the wager you’re placing.
- Don’t be rude to the ticket clerk.
- Keep hold of your boarding pass.
- Your winning bet is yours.
- Tips are always appreciated.
how to bet on the kentucky derby?
- (Be sure to check for Derby Week specials!) Sign up or Log In
- Select the Churchill Downs racetrack.
- Choose the Kentucky Derby’s corresponding race number (usually the second to last race on the card)
- Make a choice for your steed.
- Type of bet to make.
- Decide on a monetary value.
- Send in your wager!
Viacom Inc
Founded in 2019, Viacom (created by the partnership of CBS and what used to be called MTV Networks) broadcasts various channels throughout many different countries worldwide. These channels are largely divided among three groups – Hollywood, Kid’s & family TV units, and game/cable networks. They pride themselves on having hundreds of offerings for every viewer out there; something for everyone no matter what age or race.
In return, it anticipates reaping the benefits of running a well-known business among an increasingly larger demographic. Viacom was primarily drawn to BET. The company enabled audiences to meet their target groups which were growing in numbers and revenues quicker than the general public. For example, African Americans made up for 14% of America but purchased 25% of all items at major retailers; proving this community as one that consumed more information than others in America. In addition, BET Holdings’ most significant assets would be handed over too- such as Black Entertainment Television which would then be available to Viacom Industries.
BET’s Finances
As reported by Forbes Magazine, the most recent financial data for BET (business) comes from fiscal year 1997. This year ended on July 31st, and during this time BET was a publicly-traded company after being bought out privately by Johnson and Liberty Media. They sold it to Viacom as a wholly owned business subsidiary. In total, BET had a net profit of $23.8 million on revenues of $154.2 million in 1997.
Advertisement revenue accounted for $80.6 million and subscription payments took in 69.3million that year; other sources brought in 4.4million dollars while National spot advertising revenue amounted to 51.7million dollars and infomercials generated 21m dollars alone during this time span for the company – an impressively high amount considering how outdated those two types are!
what is a moneyline bet?
Sports betting can seem daunting with so many aspects to consider. However, it doesn’t have to be! A basic bet for beginners might be a moneyline-wager where you’re simply picking who you believe will win the game. All other bets are up to personal preference but just remember that this option is simple and straightforward!
Bet Finances
Today, BET has an extensive reach across the globe with over 80 million subscribers worldwide. They’ve made it to success since the 1990s and established themselves as a multi-billion dollar company through advertising profits alone. For 1997, they generated $23.8 million in net income out of $154.2 million gross revenue – a hefty sum of $80.6 coming from just commercial sales alone!
Bet Awards
Like numerous award ceremonies by international entertainment networks, BET is among the most respected and deeply valued awards in the world today. The BET Awards were created to honor and celebrate the achievements of African American entertainers across all industries. Launched in 2001 at an event held in Paris Las Vegas, it has been around ever since. A number of big-name celebrities and singers have won prestigious accolades from this well-regarded ceremony that celebrates diversity in society today.
Who is The Founder of BET?
Have you ever wondered who owns the Black Entertainment Television channel? Well, meet Robert L. Johnson. Born in West Virginia, he attended Morehouse College before moving on to Harvard Business School and then working his way up the corporate ladder before founding BET; the world’s biggest Black TV station in 1980. For decades now, he has been providing an outlet for African Americans from coast to coast that catered specifically to them with programming such as music videos from R&B and Hip Hop Artists.
With all of this success came opportunities to partner up with major recording labels promoting these Artist Music Videos – as well as commercials and more through his television channel named after himself; Black Entertainment Television or BET Networks which is owned by Viacom Inc., but ultimately him because he still stands today as one of America’s wealthiest black men with an estimated net worth of over $1 billion!
When did Reginald Hudlin leave Bet?
America. On September 11th, 2008, BET announced the resignation of their current President of Entertainment Reginald Hudlin. After this shocking news was released, it was noted that Ed Gordon would be returning to his previous role as an anchor for various shows and specials after a 5 year hiatus from his position at the network. Less than a month later, in March 2010, Stephen Hill and Zola Mashariki also resigned from their positions as President of Programming and Executive Vice President respectively when there were no words describing why they had chosen to do so.
The BET Walk of Fame Awards were established in 1995 by BET. Proceeds are then split between the United Negro College Fund (UNCF) and the BET Foundation which executes the Healthy BET obesity awareness campaign and other pro-social causes like the annual charitable black tie event for this ceremony, The Walk of Fame.
FAQs About Who Owns Bet
When did Bet start?
After establishing BET as a successful niche media company, Johnson had the idea of going public. He launched this in 1991 and eventually it was listed on the New York Stock Exchange. But after only six years of success he had already given up control over BET to various investors who helped him buy out Viacom Inc. for $3 billion dollars.
Who is the owner of BET?
Viacom Inc owns the television station Black Entertainment Television (BET)
Who started betting?
BET – black entertainment television – was born out of an idea from entrepreneur Robert L. Johnson in 1980, who had just recently begun working as a lobbyist for the cable television industry. He noticed there were limited channels available to African Americans and saw this as his chance to provide them with something they hadn’t been given before.
How much did Viacom Inc buy BET?
Viacom Inc bought BET for $3 billion.
Conclusion
African Americans needed a place to fit in – not just for themselves but for people around them. BET gave them that opportunity. What’s the relation between BET and race? Answers will come out at the end of this article; meanwhile, if you want to add something make sure it goes into the comment section below so others can see what you have to say.
After losing an outrageous amount of cash for the majority of its start, BET (Black Entertainment Television) began to see success in 1985 when they diversified their programming line up. Among these changes were economic newscasts and comedy shows that helped them get back on track financially. Because of this show, they became the first black TV network to be listed on the NYSE (New York Stock Exchange). In 1991, they managed to successfully sell themselves without taking too much of a loss because they went back and paid off all their old debts; now only making sure they keep a small percentage in reserve incase anything happens again.
