Just a day after Homeland Security’s sweeping raids on his properties in Los Angeles and Miami, music mogul Diddy has purportedly divested his shares in Revolt TV.
Established on October 21, 2013, by Diddy and co-founder Andy Schuon, Revolt has remained a prominent multimedia outlet for over a decade.
Despite Diddy’s departure, the network will continue to be Black-owned, albeit with a new proprietor. TMZ reports that Diddy has offloaded his entire stake to an anonymous buyer who has chosen to keep their identity under wraps for now.
A “formal introduction” of the new owner is expected “in the coming weeks,” following closely on the heels of Diddy’s resignation as Revolt chairman three months ago.
While Diddy steps back, Revolt CEO Detavio Samuels and Chief Brand Officer Deon Graham will maintain their roles under the network’s fresh ownership. No alterations are anticipated within the staff and production team.
Revolt’s roster of programs and podcasts includes popular shows like “Caresha Please,” “Drink Champs,” and “Funny AF Black Girl Stuff.” However, it remains uncertain whether these programs will continue on the platform.
Diddy’s decision to step down from Revolt coincides with a series of sexual assault lawsuits, including one involving his former girlfriend, Casandra “Cassie” Ventura. Monday’s raids on his Miami and Los Angeles properties saw his sons, Justin and Christian Combs, handcuffed at the Los Angeles residence, while Diddy himself was reportedly in Florida at the time.
In the wake of the raids, Rahman Dukes, a pivotal figure in Revolt TV’s launch and former VP of News and Programming, shared his insights on CNN. Asked about his observations of Diddy’s alleged behavior, Dukes remarked, “It was a complete shock.” He described Diddy’s environment as one of positivity and good vibes, noting that he had not personally witnessed any misconduct.
Addressing rapper 50 Cent’s social media involvement in the Diddy headlines, Dukes acknowledged the competitive nature of hip-hop but expressed belief that 50 Cent ultimately does not wish harm on anyone.
Further, at Miami-Opa Locka Airport, an alleged “drug mule” named Brendan Paul was apprehended on charges of cocaine and marijuana possession.
Diddy’s private jet, operated by LoveAir LLC, was located in Antigua at the time of Paul’s arrest.