How was bet created?

BET was launched in 1980 by media entrepreneur Robert L. Johnson. Having gained experience as a lobbyist for the cable television industry in the late 1970s, Johnson saw an opportunity to reach African American audiences through a cable TV channel. … In 2000 Johnson and his partners sold BET to Viacom Inc.

When was BET invented?

BET thrived in the 1990s, adding more cable channels and expanding its reach through new film and publishing divisions, music channels, and a Web site. Viewership expanded along with the product line, while major media companies began to invest in the growing network.

Who is the owner of the BET network?

In 2000, Viacom announced plans to purchase BET Holdings Inc. for more than $2.3 billion. The deal closed in 2001, with BET Holdings’ networks becoming part of MTV Networks; but was eventually placed under BET Networks.

Why was the BET Awards created?

The BET Awards is an American award show that was established in 2001 by the Black Entertainment Television network to celebrate African Americans in music, acting, sports and other fields of entertainment over the past year.

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When did BET become popular?

BET originated with two hours of weekly programming in 1980 and slowly gained viewership throughout North America and the Caribbean.

What was the first music video played on BET?

List of first music videos aired on MTV

Number Song Artist
1 “Video Killed the Radio Star” The Buggles
2 “You Better Run” Pat Benatar
3 “She Won’t Dance With Me” Rod Stewart
4 “You Better You Bet” The Who

What team did Robert Johnson own?

Robert L. Johnson made history as the first African-American to become the majority owner of a professional sports organization when the NBA Board of Governors granted him the expansion Charlotte NBA franchise on January 10, 2003. Johnson also immediately assumed ownership of the WNBA’s Charlotte Sting.

Is BET Black Owned?

Black Entertainment Television (acronym for BET) is an American cable television channel targeting African-American audiences.

BET Hip-Hop.

Owner ViacomCBS Domestic Media Networks
Parent BET Networks
Sister channels BET BET Gospel BET Her BET Jams BET Soul

Who was the first black billionaire woman?

Oprah Winfrey at the White House in 2010. She is the first female black billionaire and was the only black billionaire from 2004 to 2006.

How much did Robert L Johnson sell bet for?

In 1998, Johnson and Liberty Media bought all outstanding shares of the company. This purchase gave Johnson 42% of the company. Viacom acquired BET in 2001 for a reported $3 billion; Johnson earned over $1 billion from the sale, making him the first black American billionaire. He remained BET CEO until 2006.

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Is Bet under Viacom?

BET Networks, a subsidiary of Viacom Inc. (NYSE: VIA, VIA. B), is the nation’s leading provider of quality entertainment, music, news and public affairs television programming for the African-American audience.

What is bet net worth?

He launched Black Entertainment Television (BET) in 1980. BET became the first TV network aimed towards African-Americans. BET became the first black-controlled company that was listed on the NYSE in 1991. BET was acquired by Viacom in 2000 for $3 billion.

Robert L Johnson Net Worth.

Net Worth: $550 Million
Nationality: United States of America