Bet Net Worth: BET is an American basic cable channel that airs programming aimed specifically at African-American viewers. It is owned by Paramount Global’s CBS Entertainment Group unit through BET Networks and it has locations in New York, Los Angeles and Chicago, as well as a former headquarters in Washington, D.C.
The BET Networks Instagram account has amassed a sizable following because of its prominence in the industry. The influencer has really amassed 2.6 million followers as of this moment.
Approximately 88,255,000 American households (75.8% of all households with television) have access to the channel as of February 2015.
How Much Does BET Networks Earn?
Actually, there are 1.74 million people that follow BET Networks’ Instagram page. An Instagram profile typically attracts about 150 followers. The number of BET Networks’ fans is around 11,57,000 times higher than the typical profile page. The average number of likes for a post on BET Networks’ Instagram page is 1.22,000, which is significantly more than the average number of likes for an Instagram profile, which is 21.
Instagram stars with a sizable number of followers can, instead, charge a hefty sum for the privilege of putting out paid endorsements. At 1.0%, BET Networks’ participation rate is very high. This type of account could charge anywhere from $2 to $3.50 per thousand followers, or more. With such a sizable audience, BET Networks may request $4,34,000 for just one refresh.
It’s possible, however, that the price could be considerably higher, up to $8.68 thousand. If BET Networks were to post one sponsored update per day, the account might be earning $3.17 million annually. Influencers rarely rely solely on money from sponsored articles.
In most cases, they run their own groups, introduce their own innovations, host their own events and market their own content. Our experts believe that when these additional revenue streams are included, BET Networks’ revenues and net worth are likely to be significantly higher than even NetWorthSpot is forecasting.
BET Networks’ true wealth is unknown, but our analysts have calculated that it is probably somewhere in the neighborhood of $7.92 million right now. Our group estimates that BET Networks is worth more than $12.67M when all possible revenue streams are considered.
A total of 1.74 million people are now following BET Networks on Instagram according to the company’s official profile page. This means that BET Networks has about 11,57,000 more followers than the average profile page. On average, each photo posted by BET Networks receives 1,22,000 likes, which is significantly higher than the average of 1,261.
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What is Bet Net Worth?
There is an estimated $7.92M in BET Networks’ bank account. A certified figure for BET Networks’ wealth is unavailable, but the website NetWorthSpot estimates that the company is worth around $7.92 million. According to some estimates, BET Networks is actually worth significantly more. When considering potential revenue streams other than Instagram, BET Networks might be worth as much as $12.67 million.
Who Found The Bet Networks?
Robert L. Johnson, a former lobbyist for the cable industry from Freeport, Illinois, wanted to start his own cable TV network after leaving that position. To launch the network, Johnson quickly secured a $15,000 loan and an additional $500,000 in funding from media executive John Malone. The premiere of Black Entertainment Television (BET) occurred on January 25, 1980. The logo for the network, featuring a star representing “Black Star Power,” was created by Cheryl D. Miller.
At first, BET was only on the air for two hours a week, airing as a block of programming on the Madison Square Garden Sports Network (later rebranded as USA Network three months after BET’s debut).
After years of sharing channel space with other cable networks on local cable systems due to a lack of channel room for their 24-hour schedule, BET finally became a standalone entity in 1983 when digital cable technology made room for more channels.
Due to the claims of some providers that there was a general lack of demand for the channel or that there was a low to non-existent African-American population within their service area, the network did not arrive at all in some markets until as late as the early 2010s and ViacomCBS considered it compulsory in retransmission consent negotiations to carry the BET Networks with ViacomCBS networks.
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Final Lines
With Ed Gordon at the helm, BET debuted its newscast BET News in 1988. Ed Gordon went on to host a variety of shows and specials for BET, including a documentary about the 1992 Los Angeles riots called Black Men Speak Out: The Aftermath and a weekly interview show called Conversations with Ed Gordon.
BET Tonight premiered in 1996 with Tavis Smiley as host; in 2001, Ed Gordon took over the role. In order to keep up with the most latest events, please visit venturejolt.com and forward this article to your friends and family.