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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....

Shanique Yates

Mar 27, 2024

Sean 'Diddy' Combs Once Acquired A Painting By Kerry James Marshall For $21.1M — The Most Paid For A Living Black American Artist's Work

Across several decades, Kerry James Marshall has become known for his expertise in capturing Black American culture and history. One of his pivotal pieces of work was “The Lost Boys,” inspired by his upbringing in South Central Los Angeles, CA, during the time when the gangs the Crips and the Bloods were formed.

Ngozi Nwanji

Oct 17, 2023

After Paramount Ends Plans To Sell Majority Stake In BET, Sean 'Diddy' Combs Now Wants To Unite With Tyler Perry

Sean “Diddy” Combs has his eyes set on building a force in media with the help of fellow entertainment industry veterans.

Ngozi Nwanji

Sep 14, 2023

Sean 'Diddy' Combs Wins First Round In Discrimination Case Against Multi-Billion-Dollar Spirits Conglomerate Diageo

Sean “Diddy” Combs is celebrating a small victory in his fight against multi-billion-dollar spirits conglomerate Diageo.

Shanique Yates

Sep 8, 2023

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.

Samantha Dorisca

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.

Shanique Yates

Jul 21, 2023

New Allegations From Sean 'Diddy' Combs Against Diageo Include Developing A Watermelon-Flavored Tequila Despite His Objections

The saga between Sean “Diddy” Combs and Diageo continues to unfold. A previous report from AfroTech noted that spirits brand Diageo was looking to drop Combs after he claimed that the company had been racially profiling the Hip-Hop legend and did not stick to its investment promises. DeLeón was launched in 2009 to an exclusive Hollywood audience. By 2014, Diddy and Diageo entered a partnership to support and expand the tequila brand beyond its original footprint. When the lawsuit was filed, Combs presented documentation with redacted sections and asked the court to determine if they violated non-disclosure or non-disparagement agreements he had signed with Diageo. Based on a press release shared with AfroTech, the courts determined that most of the redacted information could be made public, preserving only the specific numbers related to agave plants, shipments, and cases. Diageo denies any discriminatory or racial profiling claims, but the latest move from Combs and the June 30...

Josh Rodgers

Jul 5, 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.”

Samantha Dorisca

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.

Samantha Dorisca

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.

Samantha Dorisca

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.

Ngozi Nwanji

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.

Ngozi Nwanji

Jan 30, 2023