Troubled hip-hop mogul Sean “Diddy Combs” has sold his stake in his media company Revolt amid a wave of sexual assault allegations, the company announced Tuesday.
“The shares held by the company’s former chairman, Sean “Diddy” Combs, have been redeemed and redeemed in full,” Revolt reported. It said in a statementThe company added that it will continue to be black-owned and operated.
Revolt, which produces series such as “Drinks Champ,” was co-founded by Combs and Andy Schuon in 2013 with the motto of empowering black people and telling black stories.
Combs, who is currently fighting numerous legal battles and sexual assault allegations, including an alleged assault on his ex-girlfriend, Cassie Ventura, left Revolt in November 2023.
“We continue to usher in a new era in entertainment that empowers creators and establishes a new media model. This transformative structure will ensure that the employees driving our growth also have the opportunity to benefit from our success,” the company added.
Ventura, who was signed to Combs’ music label, Bad Boy, A shocking lawsuit that occurred last November During the relationship, they suffered physical and sexual abuse.
The two began dating in 2005, when she was 19 and he was 37.
Ventura also alleged that he raped her when they tried to break up. The day after she filed her lawsuit, They settled on undisclosed terms..
At the time, Combs’ lawyers said the settlement was “in no way an admission of wrongdoing.”
That same month, Combs was hit with multiple sexual assault allegations that led to the artist stepping down as chairman of Revolt. Combs denies any wrongdoing.
Since then, he has been sued by four other women, including the music producer of his latest album, who allege that Combs sexually harassed, drugged and threatened them for over a year.
Combs’ homes in Los Angeles and Miami were reportedly searched in March and he became the subject of a federal investigation.
Last month, CNN Disturbing video mentioned in Ventura lawsuit Photos showed Combs kicking, punching and dragging his then-girlfriend at a Los Angeles hotel. Instagram video apology.
“It’s very difficult to look back on the darkest times of your life, but sometimes it’s necessary,” Combs said in the video. “I hit rock bottom and I make no excuses. My behavior in that video is inexcusable. I take full responsibility for my actions in that video. I’m fed up. I was fed up when I did it and I’m fed up now.”
