n the midst of escalating hip-hop entrepreneur has sold his stake in the media company . The company announced on Tuesday that Combs' shares have been completely redeemed and retired, confirming that Revolt will continue to operate as a Black-owned entity. Revolt, known for producing series like "Drink Champs," was and Andy Shuon in 2013 with a mission to empower and amplify Black voices.
in November 2023 due to mounting legal issues and allegations, including those made by his former partner, "As the company advances in redefining entertainment to empower creators and establish a new media model, this new structure guarantees that the employees who are driving the company's growth can also benefit from its success," Revolt stated. , who was signed to Combs' music label, filed a lawsuit in November accusing him of physical abuse and sexual assault during their relationship, which began in 2005 when Ventura was 19 and Combs was 37. They reached a settlement one day after the lawsuit was filed, which Combs' lawyer clarified did not constitute an admission of guilt.
The same month, several more sexual assault allegations surfaced, leading to ' departure from Revolt's leadership. Combs has denied all allegations of wrongdoing. The lawsuits are piling up for Diddy Following these events, four additional women and a music producer from his recent album have filed lawsuits against Combs, accusing him of sexual harassment, drugging, and threats.
In March, federal investigations inclu.