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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

Sean 'Diddy' Combs Sells All Shares In Revolt, But The New Owner Of The Company Remains A Mystery

While Sean “Diddy” Combs has sold all shares in Revolt, speculation remains about the company’s new mystery buyer. In a previous report shared by AFROTECH™, the transaction, which is said to be “amicable and has left everyone happy,” still does not disclose who the new company owner is or the deal’s value. Per The Hollywood Reporter, Revolt launched in 2013 and was created as a first-of-its-kind channel in the cable television network space. The company honed in on how millennials, also known as the generation of “cord-cutters,” were disrupting how music and entertainment were consumed. “You have more and more bands and artists going across the whole ecosystem. Music is very healthy,” Keith Clinkscales, who helped launch Vibe magazine and former Revolt chief executive officer (CEO), told the outlet in 2013. He added, “To have a place that can be the center of that, we would like to earn that position by reaching our fans well. We have to have good access and engage with the artists,...

Mar 29, 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

Daisy Veerasingham To Become The First Woman To Lead The Associated Press In Its 175-Year History

The Associated Press (AP) has a new woman in charge! According to the company, Daisy Veerasingham has been appointed to president and CEO. She will become the first woman to hold the title since AP was first established 175 years ago. A first-generation British national of Sri Lankan descent, Daisy Veerasingham is the first woman, first person of color and first international citizen to lead The Associated Press. https://t.co/ErMNYOeuox — Kat Stafford (@kat__stafford) August 3, 2021 Veerasingham, who is AP’s current executive vice president and chief opertaing officer, will succeed AP President and CEO Gary Pruitt who will remain in the role throughout the end of the year before he retires. “In Daisy Veerasingham we have chosen a proven leader with a deep understanding of how AP operates and a clear vision for the future. She appreciates the crucial role AP plays in providing journalism and services that are indispensable to the news industry,” said Steven R. Swartz, chairman of the...

Aug 4, 2021

Nation's Only 24/7 News Network Committed To Black And Brown Communities Announces New SVP Of Content

The nation’s first and only 24/7 Black news channel continues to thrive! According to PR Newswire, Black News Channel (BNC) has named media executive Vickie Burns as its new Senior Vice President of Content. The annoucement was made by BNC President and CEO, Princell Hair. “We are delighted to welcome Vickie Burns and her wide-ranging expertise to BNC,” said Hair in an official statement.  “Vickie has demonstrated effective leadership and strong journalistic instincts throughout her career and will be a tremendous asset as BNC continues to evolve beyond linear broadcasts and into multiplatform offerings that are accessible everywhere content is consumed.” Burns brings on an extensive career which includes leadership positions at NBC, Tribune, and Scripps where she was responsible for overseeing newsrooms that serve communities in Chicago, Los Angeles, New York, and Washington, D.C. Her journalistic experience includes field logistics, production, program development, studio...

Jun 17, 2021

Seasoned Exec Tarik Brooks Of Combs Enterprises Joins Cresco Labs' Board Of Directors

The leading U.S. wholesaler of branded cannabis products just leveled up its board of directors! Cresco Labs has appointed seasoned executive Tarik Brooks to its board of directors effective immediately, Business Wire reports. Brooks is the current President of Combs Enterprises where he is responsible for overseeing all business operations and investments owned by Sean “Diddy” Combs. The diverse portfolio includes moves in the spirits industry through CÎROC Vodka and DeLeón Tequila, media through REVOLT TV, music through iconic label Bad Boy Records, consumer packaged goods with the AquaHydrate brand and education through the Capital Preparatory Schools. Brooks is also responsible for new business development activity which includes the launch of “Our Fair Share,” a platform designed to help minority-owned businesses gain access to capital through the Paycheck Protection Program (PPP).   View this post on Instagram   A post shared by Tarik Amin (@tarikamin) “I’m thrilled to welcome...

Apr 22, 2021

REVOLT, adidas, Druski Partner To Launch Branded Content Centered Around Hip Hop And Sustainability

Diddy’s media company REVOLT and adidas originals have partnered with social media star Druski to introduce a new sustainability-focused brand campaign for Hip Hop that pledges to end plastic waste worldwide. According to a press release, the campaign also kicks off the launch of REVOLT’s new branded content agency, which will act as a launching pad for entertaining content with influential members in the Hip Hop industry to spark important conversations about cultural changes in the Black community. “Hip Hop is the leading genre of music globally. As an authority on Hip Hop culture, the world follows where we go. REVOLT has always strived to ignite positive changes within the Hip Hop community and the world around us, and we are thrilled to partner with a likeminded company like adidas Originals to pledge our efforts in encouraging sustainability,” Andre Woolery — SVP of Branded Content for REVOLT — said in a statement. “We are excited to leverage the power of Black culture to...

Apr 15, 2021

Diddy Calls Out GM, Corporate America For Exploiting Black-Owned Media Companies

Music mogul Sean “Diddy” Combs penned an open letter calling out corporate America, specifically General Motors (GM), for exploiting Black-owned media companies via his cable network’s entertainment and news site, REVOLT. In a letter titled, “If You Love Us, Pay Us,” Diddy exposes how corporations like General Motors falsely claim to support Black media companies like his own in an act that both robs them of advertising revenue and contributes to a history of systemic racism. “The same feet these companies use to stand with us in solidarity are the same feet they use to stand on our necks,” he writes, reports Blavity. The letter also calls additional attention to efforts from Byron Allen of Allen Media Group in which he and several other Black media companies took out a full page advertisement in the Detroit Free Press that directly blasted GM CEO Mary Barra for racism against said companies. While GM has claimed to be in support of companies like REVOLT, Diddy challenged that...

Apr 8, 2021

'Someone Saw the Hustle in Me,' Diddy Promotes Deon Graham to Chief Brand Officer of Combs Enterprises

The phrase, “Can’t Stop, Won’t Stop,” was a manifestation uttered by Sean “Diddy” Combs in the ’90s that has continued to allow him to soar to new heights. When he isn’t revolutionizing the world of media through his television network REVOLT, he’s continuing to build his brands that fall under Combs Enterprises. Just as he has an eye for talented artists, Diddy continues to prove that he has an eye for hungry go-getters like Deon Graham who has been appointed to Chief Brand Officer of Combs Enterprises. “‘Can’t Stop, Won’t Stop’ is a fundamental part of our ethos at Combs Enterprises. In the Bad Boy tradition, we are relentless and will not be outworked,” said Combs Enterprises President, Tarik Brooks in an email interview with AfroTech. “We approach every situation knowing that there’s a solution, we just need to find it. The people who thrive here are competitive, enjoy working hard, and believe in the power of teamwork.” Graham’s rise spurred from a nightlife website that he...

Mar 19, 2021

Diddy Appoints Detavio Samuels and Colin McIntosh to Lead the Revolution at REVOLT

The revolution will be televised! Sean “Diddy” Combs has the Midas touch when it comes to longevity in an industry that most predicted wouldn’t be around forever. In 2020, reports revealed that Hip-Hop is America’s favorite and most influential genre thus far and the numbers don’t lie. Just like Diddy has an eye for musical talents, he has an eye for an executive team that will take his leading Black-owned media company, REVOLT, to revolutionary heights. Detavio Samuels and Colin McIntosh understand that they have a role to fulfill as the new leaders of REVOLT and they’re prepared to do it by any means necessary. “The mission is to create the largest Black global media empire that ever existed,” said Samuels, who has been appointed to CEO of the company, “and in that world, we can take care of our people.” McIntosh adds the title of Chief Operating Officer to his current position as  REVOLT’s Chief Financial Officer. “We want to build a platform for creators,” said McIntosh in an...

Mar 12, 2021