Diddy has cut ties with Revolt TV, the company he founded back in 2013. Sources reveal to TMZ that he recently sold off all his shares to a buyer, though the exact amount remains undisclosed. However, the company still holds its Black ownership, keeping its original mission to uplift the culture intact.
Although the new owner wishes to remain anonymous for now, they share a strong commitment to Black culture. They plan to introduce themselves formally in the upcoming weeks. Despite the change in ownership, Revolt’s CEO Detavio Samuels and Chief Brand Officer Deon Graham will continue in their roles, aiding the new owner during the transition.
For Revolt TV employees, there won’t be any significant alterations in staffing or production immediately. The new owner intends to implement their ideas gradually, but for now, operations will mostly remain unchanged.
Many are curious if this development has any connection to Diddy’s recent personal matters. However, sources suggest otherwise, stating that negotiations had been ongoing before Diddy’s properties were raided on Monday.