Music mogul Diddy has reportedly sold his shares in Revolt TV following Homeland Security’s raids on his residences in Los Angeles and Miami.
Revolt TV, a multimedia business co-founded by Diddy and Andy Schuon in 2013, will continue to be Black-owned under a new, yet-to-be-revealed owner. The sale of Diddy’s shares comes three months after he stepped down as Revolt chairman.
According to reports, the network’s CEO, Detavio Samuels, and Chief Brand Officer, Deon Graham, will continue their roles under the new ownership. The staff and production employees will also remain unchanged.
What is Revolt TV
Revolt TV hosts a variety of programs and podcasts, including Caresha Please, Drink Champs, and Funny AF Black Girl Stuff. However, it is currently unclear whether these shows will continue on the platform.
Diddy’s decision to step down from the company was amidst several sexual assault lawsuits, including one from his ex-girlfriend, Casandra “Cassie” Ventura, which has since been settled. His sons, Justin and Christian Combs, were handcuffed during the raids on his properties, while Diddy was reportedly in Florida.
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Rahman Dukes, a former VP of News and Programming at Revolt TV, shared his perspective on the raids on CNN. He expressed shock at the allegations against Diddy, stating that he had not personally witnessed any such behavior during his time working with him.
Dukes also commented on 50 Cent’s involvement in the Diddy headlines through social media, noting the competitive nature of hip-hop. He expressed his belief that 50 Cent would not wish for anyone to face jail time.