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Who Owns Revolt Following Sean 'Diddy' Combs' Exit?

Stories that begin with the rise and fall of prominent individuals are not the most inspiring, but they offer insight into lessons learned and perspectives shifted. Through narratives by people across industries, those who “fall from grace” are often judged in the court of public opinion by how society accepts what they did and how they respond. Most recently, the world has sat and watched this phenomenon play out with Bad Boy Records and Revolt TV founder Sean “Diddy” Combs. The Combs saga has no particular ending for the foreseeable future. At the same time, much of his fate will be decided by the legal powers. However, one decision that has been made concerns his previous ownership stake in Revolt. As previously reported by AFROTECH™, the buyer of the Hip-Hop mogul’s shares was shrouded in mystery. The new owner’s identity was a closely guarded secret, with speculation running rife. It has now been revealed that the owner isn’t a single person. In a surprising twist, the media...

Jun 7, 2024

Following Diddy's Exit, Revolt Employees Now Become The Company's Largest Shareholder Group

Revolt employees now become the largest shareholder group of the media company, The New York Times reports. As AFROTECH™ previously reported, Diddy had exited his position as chairman of Revolt TV and sold his remaining shares to an anonymous buyer. Now it has been announced by Revolt CEO Detavio Samuels that Diddy has officially separated from the company he founded in 2013 alongside Andy Schuon. “One-hundred percent of Sean Combs’s shares have been redeemed and retired,” Samuels said, according to The New York Times. “He is no longer chairman. He is no longer on the board. He has no shares, no equity in Revolt. We have completely separated and dissociated from each other.” The majority of Revolt’s employees, which consists of about 80% people of color, are now the company’s largest shareholder group, the outlet notes. The initial value of Diddy’s shares in the company is unclear. “Today marks one of the biggest days we’ve seen at REVOLT and in media (especially Black media),”...

Jun 4, 2024

Diddy Sells All Shares In Revolt, New Owner Remains Anonymous But Reportedly Has 'A Deep Passion For Black Culture'

Months after music executive Sean “Diddy” Combs announced that he was stepping down as chairman of Revolt TV, a music-oriented digital cable television network, the company has been sold to an anonymous buyer. According to TMZ, the Hip-Hop mogul sold all his shares in the company he founded in 2013 alongside Andy Schuon. However, the person who made the purchase as well as the transaction amount remain unknown. The outlet’s sources reveal that the purchaser is said to “share a deep passion for Black culture.” Moreover, a formal introduction of the television network’s new owner is set to be revealed in the next few weeks. While Diddy’s last order of business with the company is selling it, sources say that it is “an amicable deal” and that “everyone’s happy,” per the outlet. As previously reported by Variety, the rapper and record producer launched Revolt TV from the childhood home of his friend and former Bad Boy Records artist, the late great Notorious B.I.G., or simply Biggie....

Mar 27, 2024

Sean ‘Diddy’ Combs On Not Having Equity In Cîroc: 'I Don’t Have Any Regrets Because The Journey Was The Most Important'

Sean “Diddy” Combs’ history with Diageo could be a sign that even at the top of the mountain, there remains barriers to overcome as a Black entrepreneur.

Sep 7, 2023

Sean 'Diddy' Combs Accuses Multi-Billion-Dollar Spirits Conglomerate Diageo Of 'Illegal And Outrageous Retaliation'

More claims against multi-billion-dollar spirits conglomerate Diageo have arisen from Sean “Diddy” Combs.

Jul 21, 2023

Diddy Pays $5K A Day For Sample On 'I'll Be Missing You,' Sting Says He Put His Kids Through College With The Proceeds

It’s no secret that Sean “Diddy” Combs is known for making hits, but one stands the test of time: “I’ll Be Missing You.”

Apr 6, 2023

Sean 'Diddy' Combs Could Be Looking To Purchase A Majority Stake In BET Media Group

Sean “Diddy” Combs may be aiming to purchase a majority stake in BET Media Group.

Mar 14, 2023

T-Pain Recalls Diddy Giving Him A Royalty Point On An Album Due To The Usage Of Auto-Tune

In the late 1990s, Auto-Tune was introduced. However, it’s no secret that it was T-Pain who helped push it to the forefront of the music industry.

Mar 3, 2023

Jadakiss Thanks Diddy For Not Playing Hardball After The LOX Was Bought Out Of Their Contract For $2M

Sometimes drastic times call for drastic measures. To rightfully claim what belonged to The LOX, Jadakiss and his fellow group members took direct action.

Mar 2, 2023

Mary J. Blige Says She Was 'Afraid Of Success' But Diddy Helped Her To Be Ambitious In Her Career

Over the course of three decades, Mary J. Blige has been one of the leading voices in the music industry. With 15 studio albums in the game, the music legend continues to sit on her throne as the Queen of Hip-Hop Soul.

Jan 30, 2023

Diddy Has Turned Down Offers And Is 'In No Rush' To Sell His Music Catalog — Here's Why

Artists’ decisions to sell their music catalogs have been a debated topic that continuously pops up. In Diddy’s case, it appears that he’s playing the long game.

Jan 17, 2023

Diddy Explains Why He Got Fired From Uptown Records — 'One Of The Best Things' That Happened To Him

At the age of 19, Sean “Diddy” Combs was already making his dreams come true.

Dec 22, 2022

Diddy Enters $185M Deal That's Set To Create The Nation's Largest Black-Owned Cannabis Company

Sean “Diddy” Combs plans to break down barriers as he makes his debut into the cannabis space.   View this post on Instagram   A post shared by LOVE (@diddy)

Nov 4, 2022

'Anybody Thinks I Owe 'Em Something, Show Me The Receipt' — Diddy Responds To Claims That He Owes Artists Money

The talk surrounding Sean “Diddy” Combs allegedly not paying his artists has been circulating for quite some time now, but he’s finally clearing the air.

Oct 5, 2022