Sean 'Diddy' Combs has sold most of his company, Revolt, to his employees, ensuring that it remains a black-owned business.

After years of being a prominent figure in the entertainment industry, Sean "Diddy" Combs has made a big change in his business dealings. He has officially sold his stake in Revolt, the television and media company that he founded back in 2013. As a result, the company's employees have now become the largest shareholders.

The big news was announced on June 4th, when Revolt revealed their new ownership structure following Combs' departure as chairman. This new model is designed to motivate and reward team members, boost company morale, and most importantly, keep Revolt Black-owned. With a staff that is made up of 80% people of color, the company is dedicated to ensuring that they remain Black-owned. CEO Detavio Samuels even hinted at their plans to continue "dreaming bigger and Blacker."

Samuels explained that this change has been something they have been wanting to do for a while now. They believe that the hardworking employees who have put their blood, sweat, and tears into the company should have the opportunity to reap the benefits of its success. By providing them with an incentive pool, Revolt hopes to not only improve their financial performance, but also their company culture and retention rates.

In addition to this exciting news, Revolt also has plans to expand their content. Samuels shared that they will be creating more shows led by and targeted towards women, as well as expanding into the world of sports. Monique Chenault, the president of Revolt Studios, expressed her excitement about this new ownership structure, stating that it gives a chance for underrepresented voices to have a share in the company's success.

When asked about the impact of Combs' personal controversies on the company, Samuels chose to stay quiet. However, he did confirm that the hip-hop mogul's ties to the company have been completely severed. Combs stepped down from his role at Revolt in November 2023, shortly after settling a shocking lawsuit with his ex-girlfriend, Cassie Ventura. The lawsuit accused him of various forms of abuse, including sexual, physical, and drug-related.

Since then, Combs has faced numerous other lawsuits involving allegations of rape, misconduct, and even sex trafficking. Last month, a leaked surveillance video from a Los Angeles hotel showed Combs assaulting Cassie. In response, he took to Instagram to address his actions, admitting that they were inexcusable and taking full responsibility for them.

Despite these controversies, Revolt is moving forward with their new ownership structure and plans for the future. With a focus on diversity, inclusivity, and uplifting marginalized voices, they are determined to continue their success and make a positive impact in the entertainment industry.

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