All results
Stories that begin with the rise and fall of prominent individuals are not the most inspiring, but they offer insight into lessons learned and perspectives shifted. Through narratives by people across industries, those who “fall from grace” are often judged in the court of public opinion by how society accepts what they did and how they respond. Most recently, the world has sat and watched this phenomenon play out with Bad Boy Records and Revolt TV founder Sean “Diddy” Combs. The Combs saga has no particular ending for the foreseeable future. At the same time, much of his fate will be decided by the legal powers. However, one decision that has been made concerns his previous ownership stake in Revolt. As previously reported by AFROTECH™, the buyer of the Hip-Hop mogul’s shares was shrouded in mystery. The new owner’s identity was a closely guarded secret, with speculation running rife. It has now been revealed that the owner isn’t a single person. In a surprising twist, the media...
Revolt employees now become the largest shareholder group of the media company, The New York Times reports. As AFROTECH™ previously reported, Diddy had exited his position as chairman of Revolt TV and sold his remaining shares to an anonymous buyer. Now it has been announced by Revolt CEO Detavio Samuels that Diddy has officially separated from the company he founded in 2013 alongside Andy Schuon. “One-hundred percent of Sean Combs’s shares have been redeemed and retired,” Samuels said, according to The New York Times. “He is no longer chairman. He is no longer on the board. He has no shares, no equity in Revolt. We have completely separated and dissociated from each other.” The majority of Revolt’s employees, which consists of about 80% people of color, are now the company’s largest shareholder group, the outlet notes. The initial value of Diddy’s shares in the company is unclear. “Today marks one of the biggest days we’ve seen at REVOLT and in media (especially Black media),”...
Months after music executive Sean “Diddy” Combs announced that he was stepping down as chairman of Revolt TV, a music-oriented digital cable television network, the company has been sold to an anonymous buyer. According to TMZ, the Hip-Hop mogul sold all his shares in the company he founded in 2013 alongside Andy Schuon. However, the person who made the purchase as well as the transaction amount remain unknown. The outlet’s sources reveal that the purchaser is said to “share a deep passion for Black culture.” Moreover, a formal introduction of the television network’s new owner is set to be revealed in the next few weeks. While Diddy’s last order of business with the company is selling it, sources say that it is “an amicable deal” and that “everyone’s happy,” per the outlet. As previously reported by Variety, the rapper and record producer launched Revolt TV from the childhood home of his friend and former Bad Boy Records artist, the late great Notorious B.I.G., or simply Biggie....
Across several decades, Kerry James Marshall has become known for his expertise in capturing Black American culture and history. One of his pivotal pieces of work was “The Lost Boys,” inspired by his upbringing in South Central Los Angeles, CA, during the time when the gangs the Crips and the Bloods were formed.
The saga between Sean “Diddy” Combs and Diageo continues to unfold. A previous report from AfroTech noted that spirits brand Diageo was looking to drop Combs after he claimed that the company had been racially profiling the Hip-Hop legend and did not stick to its investment promises. DeLeón was launched in 2009 to an exclusive Hollywood audience. By 2014, Diddy and Diageo entered a partnership to support and expand the tequila brand beyond its original footprint. When the lawsuit was filed, Combs presented documentation with redacted sections and asked the court to determine if they violated non-disclosure or non-disparagement agreements he had signed with Diageo. Based on a press release shared with AfroTech, the courts determined that most of the redacted information could be made public, preserving only the specific numbers related to agave plants, shipments, and cases. Diageo denies any discriminatory or racial profiling claims, but the latest move from Combs and the June 30...
