Revolt TV Archives - New Hip Hop News

Diddy’s Shares In Revolt TV Were Reportedly Bought By ‘Essence’ Magazine Owner Richelieu Dennis

March 28, 2024 by newhiphopnews

Amid personal and business turmoil arising from “Me & U” singer Cassie Ventura’s sexual assault lawsuit against him, Sean “Diddy” Combs has seen his fortunes take a tumble. In addition to stepping down as Chairman of his company Revolt Media (and its television network, Revolt TV) and relinquishing his ownership of DeLeón Tequila, he also sold all his shares in Revolt to an undisclosed buyer earlier this week.

It didn’t take long for the buyer’s identity to be revealed, though; according to Page Six, Essence magazine owner Richelieu Dennis is the new owner of the network founded by Diddy in 2013. Dennis was recently profiled in Forbes as “the Godfather of Black business” after selling his company Sundial Brands, LLC — the parent company of SheaMoisture — to Unilever in 2017 and bought Essence the next year. In the interview, he talked about being “bullish on media” in response to rumors he wanted to buy Vice or BET.

He’s been a controversial figure since those splashy moves, with AfroTech noting that some Black culture critics view him as a “sellout” for selling SheaMoisture to the British consumer goods giant. Meanwhile, last year, Business Insider published a report detailing a “dehumanizing” culture at Essence after speaking with twenty then-current and former employees about the brand’s “extremely unhealthy work culture.”

Diddy Sells All Shares of Revolt TV to Mystery Buyer

March 27, 2024 by newhiphopnews

Diddy Enters "The Love Era" With New Name Change

Diddy is no longer associated with Revolt TV, the culture and music-focused television network he founded in 2013. He is completely done and as TMZ claimed from their report, the network is under new ownership.

Now get this: sources in the know about the purported deal say the embattled mogul sold off all his shares to a mystery buyer for a sum that has not been disclosed. Now the word is the company in itself “remains Black-owned,” which is supposed to be aligned with, as TMZ puts it, upholding “its original connection and dedication to furthering the culture.”

It’s still hazy as to what Revolt was let go for regarding the sale, but one thing is clear: the new owner is keeping a low profile for now, and for good reason. There’s a lot of heat around the Sean Combs, with Monday’s raids by the feds, so now may not be the best time to announce a business deal of that magnitude for one of Diddy’s brands. Now, sources say that the owners or owners share a passion for Black culture, which is a broad statement, but they intend to introduce themselves formally in the coming weeks.

ICYMI, Diddy has been inactive with Revolt since he stepped down as Chairman in November. According to TMZ, the deal was amicable, and all the players involved are happy.

Interestingly, it appears the new owner is not cleaning the house, as Revolt’s CEO Detavio Samuels and Chief Brand Officer Deon Graham will both stay in their current roles to support the incoming boss, at least initially. Additionally, the report mentions that the incoming team is not doing any major shakeups with the existing staff or even how production is handled.

While the transition moves at a gradual pace, the new owner’s vision will take shape, but it seems like Revolt TV will look pretty much the same for now. Stay tuned.

The post Diddy Sells All Shares of Revolt TV to Mystery Buyer first appeared on The Source.

The post Diddy Sells All Shares of Revolt TV to Mystery Buyer appeared first on The Source.

Diddy Reportedly Sold All Of His Stock In Revolt TV, The Media Platform He Founded, To An Anonymous Buyer

March 26, 2024 by newhiphopnews

Whether Sean “Diddy” Combs was caught trying to “flee the country” or not, it’s getting harder to argue that things don’t look bad for him right now. After his properties in Los Angeles and Miami were both raided by federal agents on Monday (March 25), news broke today that the mogul also sold all his shares in Revolt Revolt Media & TV, the company he helped found in 2013.

According to TMZ, Combs sold all of his shares to an anonymous buyer for an undisclosed sum but that the company is still Black-owned. The new owner also plans to make themselves known in future weeks.

Combs stepped down as chairman of Revolt in November 2023. A statement from the company read, “While Mr. Combs has previously had no operational or day-to-day role in the business, this decision helps to ensure that Revolt remains steadfastly focused on our mission to create meaningful content for the culture and amplify the voices of all Black people throughout this country and the African diaspora.”

Combs stepped down in the wake of a November 2023 lawsuit filed by his ex-girlfriend Cassie Ventura alleging sexual assault and abuse at his hands over the course of their decade-long relationship. Since then, three more lawsuits were filed by separate women with similar allegations, and while Diddy maintains his innocence, a sex-trafficking investigation appears to be ongoing, despite authorities initially denying it in November.

Tony Yayo On “Drink Champs”: Eminem & G-Unit, Rap Beef, Street Life & More

July 8, 2023 by newhiphopnews

Tony Yayo has a lot of stories to tell within hip-hop, whether from his own career, his work with G-Unit, or the wealth of knowledge he gained since then. Of course, given that he’s such an entertaining storyteller, an episode of Drink Champs with him as the special guest is bound to hold some highlights. In it, he tackles those topics plus studio sessions with Eminem, the East Coast and West Coast beef, ghost producers, and a whole lot else. Moreover, the New York rapper also went over some “this or that” debates at the behest of show hosts N.O.R.E. and DJ EFN. Some of the debates included Paid In Full versus Criminal Minded, A Tr*be Called Quest versus Brand Nubian, and loyalty versus respect.

In addition, Tony Yayo also revealed some interesting insights into 50 Cent’s career. Apparently, Fif didn’t even like “Many Men” when he and his team first started working on it. Furthermore, that song went on to become one of the Queens legend’s biggest hits of all time. Still, it’s quite odd to hear about how such a beloved song might’ve just been a throwaway at some point in time.

Tony Yayo’s Drink Champs Episode

Previously, the 45-year-old spoke on how working with Eminem caused a lot of controversy for G-Unit, which he readdresses here. “We even got called house n***as for f***ing with Eminem,” Tony Yayo had shared to DJ Vlad. “The Source, they would take it to a whole ‘nother level. That’s when the disrespect for me was like, well damn, what does color have to do with anything with music? What does color have to do with anything with people? I don’t care what color or religion you are. That’s just me. We from New York. It’s a melting pot of people. We grew up around all kinds of people, so I don’t give a f**k what color you are. I don’t look at you as a culture vulture ’cause you white. That could be somebody else’s opinion. It’s not mine.”

Meanwhile, Tony made sure to contextualize his success with an incredible amount of gratitude. He recalled just being a kid from the block who loved hip-hop and eventually made it to some of its highest highs in the 2000s. If you want your dose of hip-hop history and culture discussion, don’t miss out on this conversation. Also, keep checking in with HNHH for more news and the latest updates on Tony Yayo.

The post Tony Yayo On “Drink Champs”: Eminem & G-Unit, Rap Beef, Street Life & More appeared first on HotNewHipHop.

Jason Lee Opens Up About His Time Working For Kanye West

May 3, 2023 by newhiphopnews

Jason Lee has made all the right moves in becoming one of the culture’s biggest names. While it may seem as though Lee is a newcomer, he is far from that. Over the last decade, the media magnate has been heavy on his grind. Moreover, Jason Lee has been around some of the cultures most prominent voices. From his days on Love & Hip-Hop to his close friendship with Cardi B and Rihanna, Lee has friends in high places. Recently, the culture critic sat with Complex and shared a few stories, his ups and downs, and more.

Furthermore, Jason Lee spoke on a bunch of different topics with the publication. However, one major topic they discussed was his time as the Head of Media for Kanye West. He told Complex “The day I opened Hollywood Unlocked Studios, I was sitting in the kitchen saying, ‘How will we rent this space out?’” Lee went on further to say that he was trying to figure out a way to let people know he had a new space for creators to create(creators do enjoy creating). Additionally, he mentioned, “The phone rang and it was Wack 100, and he said, ‘Hey, man, when are you opening that studio? I got somebody who wants to rent it.’”

Jason Lee Gets Real About Ye

(L-R) Jason Lee and Amber Rose attend the 65th GRAMMY Awards on February 05, 2023 in Los Angeles, California. (Photo by Johnny Nunez/Getty Images for The Recording Academy)

Moreover, Jason Lee says after that Wack gave the phone to Kanye West and the two began talking. “Ye told me he has some cousins that want to rent the space for a podcast.” He began. “He then says, ‘When can you go to dinner?’ I said, ‘Whenever you want.’” Henceforth, the two met had dinner, and got to brass tacks. They spoke on many different topics and after listening to new music the culture critic had a deeper conversation with the rap mogul. He told Complex that they discussed Ye’s affection for the culture and how he wants to be desired by the culture again (big surprise there).

Afterward, the two had dinner again with Madonna, Floyd Mayweather, Antonio Brown, and Julia Fox. The star studded arrangement was documented, going viral on the internet. Later the two met up for an interview, where Ye divulged all of his future aspirations moving forward. After the sit down, Ye pitched the idea of Lee being his Head of Media. Unfortunately it was short lived due to Ye’s antics throughout 2022. You can peep the full interview below. Let the HNHH crew know your thoughts below!

[Via]

Ma$e Prays After Cam’ron Hints At Joining Diddy’s Revolt Team

March 27, 2023 by newhiphopnews

Cam’ron might be joining Revolt TV with Ma$e’s blessing, though the “Feel So Good” rapper prays Diddy won’t do his talk show co-host dirty. The Dipset rapper hinted at potentially partnering with Diddy for the It Is What It Is sports talk show on Instagram over the weekend. Cam’ron shared a photo of himself with the Bad Boy founder in front of a Rolls Royce and hinted at his new talk show joining forces with Revolt. “@rsvpmase gave me permission to go,” he wrote. “Revolt sports x @itiswhatitis_talk,” he added.

As you could imagine, Ma$e had hesitancies stemming from his own experiences with Diddy. However, he slid into the comment section where he prayed for Cam’ron’s success as he potentially joins Revolt. “God pls tell @diddy bring the briefcase cause I can’t swap this out for publishing [Cam’Ron],” Ma$e wrote wrote, along with the hashtags #ThrowInTheTowel #NoLol. At this point, Cam’ron nor Diddy have confirmed whether the show will head to the network, but it certainly would align with Revolt’s current line-up.

Ma$e Resolved His Issues With Cam’ron But What About Diddy?

View this post on Instagram

A post shared by @mr_camron

Ma$e and Cam’ron finally put their beef to rest last year before forming a supergroup alongside Jadakiss. Though they initially announced a tour, it was put off indefinitely, though they recently unveiled the music video for “Gorilla Lion Hyena.” While things might be good between the two childhood friends, Ma$e evidently still has beef with Diddy, who claimed that his former artist owed him $3 million. “I will tell anybody that anybody thinks I owe them something, show me the receipt and you’ll get paid in 24 hours,” he said

However, this only ruffled Ma$e’s feathers further and he unleashed a scathing rant against the Revolt CEO. Ma$e not only mentioned Diddy’s mom but also accused the executive of exploiting Biggie, Black Rob, and Craig Mack. Craig Mack can’t give you receipts, he dead. What are you talking about? Who else? Black Rob can’t give you receipts, he dead,” he said. “And everybody else you made sign paperwork so they can’t talk about what I’m talking about. I’m the only one with the guts! I’m not signing, nigga, ’cause I don’t need the money. All money ain’t good money — remember that.” Do you think Diddy will do Cam’ron like Ma$e? Let us know in the comments.

Ma$e’s Comments

Diddy Eyes Majority Stake In BET: Report

March 13, 2023 by newhiphopnews

Diddy joined the billionaire club last year as Ye lost a significant portion of his net worth. However, it looks like Diddy’s aiming to expand his empire further. According to Variety, Diddy expressed interest in buying a majority stake in BET as Paramount Global began to look at selling the network. Though sources close to the situation claim Paramount Global has yet to have meetings with anyone surrounding the sale of BET, there are already a few prominent figures who are looking to take over the iconic network.

Diddy joins the likes of Tyler Perry and Byron Allen who are vying to purchase BET Media Group, which includes BET, BET+, VH1, and BET Studios. A source close to Diddy revealed that he wants to take over BET. They said he’s “exploring the opportunity to purchase BET as a part of his strategy to build a Black-owned global media powerhouse.” Given that he already runs Revolt TV, it seems like the acquisition of BET could allow Diddy to develop even bigger projects beyond the numerous successful shows on his network already.

Diddy’s TV Empire

LOS ANGELES, CALIFORNIA - JUNE 26: Honoree Sean ‘Diddy’ Combs performs onstage during the 2022 BET Awards at Microsoft Theater on June 26, 2022 in Los Angeles, California. (Photo by Leon Bennett/Getty Images for BET) — LOS ANGELES, CALIFORNIA – JUNE 26: Honoree Sean ‘Diddy’ Combs performs onstage during the 2022 BET Awards at Microsoft Theater on June 26, 2022 in Los Angeles, California. (Photo by Leon Bennett/Getty Images for BET)

As Diddy continues to uplift and support Black-owned businesses, the acquisition of BET could mark a huge move for the mogul and the culture at large. Sources close to Diddy said that acquiring BET would mark its return as a Black-owned business – an integral aspect that he believes is “better for the business, for the culture, and for building wealth in the Black community.” It’s no doubt that if Diddy becomes the owner, the hip-hop community will rally together to transform BET into one of the biggest channels.

Wall Street Journal first reported on Paramount’s potential sale of BET last week. “The decision to consider selling a majority stake of the assets, which cater primarily to Black audiences, is part of the entertainment giant’s effort to shore up resources to bolster its flagship Paramount+ streaming service and its advertiser-supported free streaming platform Pluto TV, some of the people said,” the report reads. We’ll keep you posted on any more updates surrounding the potential acquisition of BET. Sound off in the comments with your thoughts.

[Via]

REVOLT Summit X At&T Kicked Off The Weekend w/ Master P, Bobby Shmurda, Coi Leray, Ray J and More!

September 27, 2022 by newhiphopnews

The REVOLT Summit x AT&T returned to Atlanta, GA on September 24 and 25for its fourth iteration of specially curated panels, workshops and more aimed to empower young Black artists and leaders.

The two-day experience kicked off with hosts Pretty Vee and Fly Guy DC welcoming the local Atlanta community. The day continued with insightful conversations led by today’s cultural leaders, including an exclusive live viewing of the financial literacy series, Assets Over Liabilities, which featured a conversation with Master P, Rashad Bilal and Troy Millings.

The Summit continued with additional panels such as Beyond The Rim, a one-on-one conversation with Dennis Rodman that discussed mental health, The Future of Cannabis, where moderator Mouse Jones spoke with Bobby Shurmda, Al Harrington, Berner and The Cannabis Cutie on the booming marijuana industry that has historically boxed out Black Americans. Detavio Samuels, CEO of REVOLT, also led the Future of REVOLT Keynote which discussed the future of the Black-owned multimedia company.

The day also included amazing live performances by Lakeyah, Baby Tate, and Nardo Wick. Attendees also tuned into Cancel Culture, an insightful conversation with Amber Rose, Nene Leakes and Ray J moderated by Jason Lee, before the night ended with electrifying performances by Rich Homie Quan, DreamDoll, Big BossVette, and Rob49.

On Sunday, an impactful panel exploring the future of community, was led with a keynote conversation with Social Justice Leader and Movement Strategist Tameka D. Mallory, discussing the future of our fight for freedom, justice, equity and civil rights.

The day was full of can’t miss moments, including an insightful conversation with REVOLT, CEO Detavio Samuels and an exciting panel with The Crew League season 4 host Trinidad James.

Sunday also included amazing live performances by Lakeyah, Baby Tate, and Nardo Wick.

ALL PHOTOS CREDIT: JMartinVisual