In a move that has the entertainment industry buzzing, Diddy has officially bid farewell to Revolt TV, the media company he founded back in 2013. The music mogul has sold all his shares to a new, yet anonymous owner, maintaining the network’s status as a Black-owned entity dedicated to championing Black culture.
Details about the sale, including the price at which Revolt was sold, remain under wraps. However, insiders have shared that the new owner is someone with a profound appreciation for Black culture, promising to introduce themselves and their vision for Revolt in the coming weeks.
Diddy, who stepped down from his role as Chairman of Revolt last November, has been disconnected from the network’s day-to-day operations. The finalization of the sale, which was described as amicable by sources close to the deal, marks his complete exit from the company.
Current Revolt TV executives, CEO Detavio Samuels and Chief Brand Officer Deon Graham, are set to stay on board, helping steer the ship as the new owner takes the helm. Employees of Revolt can breathe a sigh of relief, as no significant changes to staffing or production are expected in the immediate future.
This transition might raise eyebrows, especially considering the timing in relation to recent personal challenges Diddy has faced, including a raid on his properties. However, insiders assert that the sale and Diddy’s personal affairs are unrelated, noting that the deal was in the works long before these incidents.
As Revolt TV turns a new page under fresh leadership, the industry and fans alike are keen to see how the network will evolve while staying true to its core mission of elevating Black voices and culture.
