Sean “Diddy” Combs has divested a majority stake in Revolt, the media company and television network he founded in 2013, as confirmed by the company.
Revolt, a prominent Black-owned multi-platform media entity, has announced a groundbreaking change in ownership structure, with its employees now comprising the largest shareholder group. In a press release, a Revolt spokesperson highlighted that this new ownership model reflects a commitment to empowering employees who are instrumental in driving the company’s growth, aligning with a growing industry trend of fostering equity participation.
Detavio Samuels, CEO of Revolt, emphasized the significance of this transition, stating, “Today, we are most proud of the transformation that our teams will experience as they shift from being employees to owners of the business they are helping to build.” Samuels underscored Revolt’s pivotal role as a global platform for Black culture, positioning it as a premier destination for creators shaping cultural narratives worldwide.
This strategic move signifies Revolt’s dedication to amplifying Black voices and fostering a more inclusive media landscape. As employees assume a greater stake in the company’s ownership, Revolt aims to leverage its unique position to continue driving impactful storytelling and cultural representation on a global scale.
