Princess Lilibet's godfather has signed a lucrative deal to take over cable network BET.
Tyler Perry, 53, secured the deal to give him control of the BET Media Group.
BET's current owner Paramount is losing money, US news outlets have claimed.
However, specific details about Perry's TV takeover deal are yet to be disclosed.
The value of the package is among the key details not yet confirmed.
BET, which is an acronym for Black Entertainment Television, was previously slammed for perpetuating negative stereotypes about African-Americans.
Rapper Diddy, 53, demanded the company become "black-owned again" as he joined a list of potential buyers.
Perry, an actor and filmmaker, has supported the Sussexes in the aftermath of Megxit.
He attended Lilibet's christening alongside Meghan Markle's mother Doria Ragland and brought a 10-person gospel choir from Atlanta to Los Angeles.
Tyler reportedly gave Prince Harry and Meghan Markle his house and personal security during the coronavirus pandemic.
The pair had just left Canada and were said to have had nowhere to go after relocating to the United States.
The 53-year-old claimed he wanted to help the estranged royals during a "very difficult time".
Speaking to Oprah Winfrey in 2021, the Duchess of Sussex said: "We didn't have a plan. We needed a house and [Perry] offered his security as well so it gave us breathing room to try to figure out what we were going to do."
Perry, who is thought to be godfather to the Sussexes' two-year-old daughter Lilibet, praised the couple during an appearance in their Netflix docuseries last December.
He said: "They just wanted to be free."
Perry starred in Sistas and Diary of a Mad Black Woman, appeared in Netflix film Don't Look Up and Star Trek's 2009 remake.