Sean ‘Diddy’ Combs sells stake in Revolt — a company he founded — amid alleged sex assaults
NY Post
Troubled hip-hop mogul Sean “Diddy” Combs has sold his stake in his media company Revolt as a slew of sexual assault allegations pile up against him, the company said Tuesday.
“Shares held by the company’s former chair, Sean ‘Diddy’ Combs, have been fully redeemed and retired,” Revolt said in a statement, adding that it will remain Black-owned and operated.
Revolt, which is behind series such as “Drinks Champs,” was co-founded by Combs and Andy Shuon in 2013 with the mantra to empower and tell stories of black people.
Combs — who is fight a number of legal battles and sexual assault charges including alleged assault of his former girlfriend Cassie Ventura — stepped away from Revolt in November 2023.
“As the company continues to pioneer a new era of entertainment that empowers creators and establishes a new media model, this transformative structure ensures that the employees who are driving the company’s growth also have the opportunity to benefit from its success,” the company added.
Ventura, who was signed to Combs’ music label, Bad Boy, accused him in a bombshell lawsuit last November of physical abuse and sexual assault during their relationship.
