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diddy

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Just when it seemed like BET Media Group was going to pull a major move and purchase a majority stake in Paramount Global, the deal has fallen apart with Paramount deciding to back away from the proposed deal.

According to Variety, the deal that would’ve led to BET owning VH1, BET Studios, and streamer BET+ came to an end Wednesday (Aug. 16) after Paramount Global came to the realization that the sale “wouldn’t result in any meaningful deleveraging of its balance sheet.” With bids up in the $2 billion to $3 billion dollar range, we’re surprised Paramount Global would walk away from such a Godzilla sized bag, but hey, it’s their company and their choice.
Variety reports:

Variety exclusively reported in March that Sean “Diddy” Combs was among the bidders who expressed interested in the majority stake, joining fellow media moguls Tyler Perry and Byron Allen in pursuing the acquisition of the network.
Combs has previously worked with Paramount Global, producing three iterations of MTV’s “Making the Band” between 2002 and 2009. The rapper, record producer and executive is already the owner of network Revolt, which reaches roughly 80 millions households. Back in March, a source close to Combs told Variety that Combs is “exploring the opportunity to purchase BET as a part of his strategy to build a Black-owned global media powerhouse,” which he believes is “better for the business, for the culture and for building wealth in the Black community.”
It really would’ve been interesting to see what Diddy would’ve had in mind had Paramount Global ended up in his hands. Had Tyler Perry taken control, we probably would’ve seen Madea get her own daytime talk show or something. We wouldn’t be mad at such a show either. Just sayin’.
What Paramount Global has in store for it’s future now is anyone’s guess, but don’t be surprised if they end up suddenly selling the majority stake of their company to Mark Zuckerberg or Elon Musk or something. That’s just how the game goes sometimes.

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Diddy is showing it is still “Can’t Stop, Won’t Stop”. He has announced the inaugural REVOLT WORLD event in Atlanta.

As spotted on Bossip the business mogul is taking his REVOLT brand to newer heights. On Wednesday, August 15 the event was formally announced on social media. “We’re reimagining the intersection of culture and creativity with this three-day immersive experience featuring daily lineups of your favorite REVOLT shows, impactful conversations, live performances, interactive masterclasses, experiential activations, a gaming house, creator studio, and more” the press release reads. This year’s inaugural theme is “We Are Hip-Hop” which is a nod to the 50th anniversary of Hip-Hop and the ten year anniversary of REVOLT TV.

The 72-hour event will feature live performances from MoneyBagg Yo, Uncle Waffles, Don Toliver, King Combs and more. REVOLT WORLD will also feature G Herbo, Jeezy, Omarion, Curren$y and others as speakers. Additionally, they will also broadcast Drink Champs and Caresha Please as live podcasts. Yung Miami expressed her excitement on X, formerly known as Twitter. “My first live podcast! I’m so excited & nervous at the same damn time! #careshaplease @revolttv” she wrote. 

General admission tickets ($149) and VIP tickets ($399) are now available for purchase here. 

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The legal cannabis business is all the rage these days and with your favorite Hip-Hop artists getting in on the game, Diddy decided it was the perfect time to buy his way into the business. Unfortunately, things didn’t turn out exactly how he had hoped.

TMZ is reporting that a $185 million deal that the OG Bad Boy had lined up with a cannabis company unfortunately went left and left Diddy out in the cold for the time being. Though we’re sure Diddy won’t be giving up on his vision of owning his own weed company, this was a setback that he didn’t see coming as he was patiently waiting for the deal to get done.
TMZ reports:

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Sources with direct knowledge tell us Diddy waited in the wings as Cresco Labs and Columbia Care planned their proposed merger that was agreed upon last year.
However, we’re told the shareholders never reached an agreement, and Diddy’s deal was terminated earlier this week as a consequence. Diddy’s team tells us he and his Combs Global empire still have a vested interest in pursuing opportunities to diversify the cannabis industry … they just have to find the perfect fit.
The move would’ve made Diddy the owner of 9 stores throughout New York, Massachusetts and Illinois, with each having its own production facility … effectively making him the biggest Black cannabis business owner.
Y’all know Diddy might be a little peeved at the fact that he’ll have to wait a bit longer to become the “biggest Black cannabis business owner” in the game. He’s gonna love saying that to anyone willing to listen.
When the next deal presents itself remains to be seen, but best believe he’s not going to settle for some regular old marijuana company that has a store or two. If Diddy isn’t going big, he’s going home. That’s just how he rolls.

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Get ready to go further down the 2Pac rabbit hole. Keefe D alleges Diddy’s hands also have blood on them.

As spotted on HipHopDX the Compton, Los Angeles native recently did an interview with The Art Of Dialogue. While he has discussing his story and involvement in the fateful night in Las Vegas that took the life of Tupac Shakur he went into more detail on how made his initial connection with the Bad Boy Entertainment mogul through an Usher music video shoot. “I met him back in ’91. He was doing an Usher video [‘Can U Get Wit It.’] They called my hydraulics place and asked to use some low-riders. So I let them use my four and we took the car up there,” he recalled.

The man born Duane Keith Davis went on to say how he regrets ever dealing with Diddy. “If I wouldn’t have ever met him, I wouldn’t have ever been involved in this bullsh*t,” he revealed. “I would’ve never met the brother. I never would’ve been involved in this bullsh*t. Me and Suge, we played on the same pop warner team and everything. My home boys helped put Suge in the game.”
He then placed some of the blame for his empire and the downfall of Deathrow Records on Diddy. “It really crashed two people’s empire in one night. Mine’s for sure — Suge’s too. [Diddy] the only one still balling. He made our sh*t go down, man… He won’t even look out or nothing. Because he pitted us against each other, which was kind of smart. We’re Crips and Suge was Bloods.”
You can view the video clip below.
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Photo:

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Source: Variety / Getty / Diddy
Diddy is putting his money where his mouth is and is helping Black-owned businesses get the shine they deserve.
Spotted on HuffPost via the AP, Sean “Diddy” Combs is on a mission to strengthen the Black dollar by taking the lead on a new online marketplace called Empower Global that will specifically shine a spotlight on Black-owned businesses.

Speaking with the Associated Press, the mogul said, “I want to create our own Black Wall Street,” hoping to recapture the same energy from the Greenwood community from Tulsa, Oklahoma, which was the home of the Black-owned business district that saw substantial wealth being created among its Black residents before devastating two-day attacking from a mob of hating white men.

Combs invested $20 million into the online marketplace, allowing users to find and buy products like clothing, shoes, beauty accessories, skincare products, fragrances, and art made by Black-owned brands. However, he says he is not looking to benefit from it financially.
The website, designed by two Black-owned companies, TechSparq and ChatDesk, will launch with 70 brands and introduce users to Black businesses monthly, with Combs hoping to feature 200 brands by the end of the year.
“This is about building our own infrastructure and ecosystem. I’m not doing this for profit. This is about us,” Combs told the Associated Press.
Diddy Is Excited About Empower Global
He further expressed his excitement for Empower Global, noting that he was more excited about launching the platform than starting his label, Bad Boy Records.
“I’m going into these areas to diversify things and fight for our inclusion. This is a platform about sharing power and empowering each other,” Combs said. “This is something that is for my people. It’s a tipping point for us to wake up, start paying attention, and supporting each other while taking responsibility and accountability.”
He adds, “It benefits the community to empower and take care of itself. Right now, our dollar in the Black community doesn’t even last an hour. Most other communities and ethnic groups, they understand the power of unity. Their dollars stay in their communities for days and get passed on to other people that are like them and from their same community.”

Diddy Is Currently Embroiled In Some Business Drama
While helping his people out, Diddy has some business drama with his alcohol brands, Ciroc and DeLeón Tequila.
Spirits giant Diageo cut ties with him after he alleged the company was using racist practices and was falling short when promoting his brands,
Diddy slapped Diageo with a lawsuit with the New York Supreme Court.
Still, salute to Diddy for launching Empower Global. It’s an essential tool to help Black-owned brands and businesses grow.

Photo: Variety / Getty

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A judge has ordered previously confidential details of Diddy’s lawsuit against Diageo to be unsealed, revealing startling allegations.
On Wednesday (July 5th), Judge Joel Cohen ordered the confidential elements of the mogul’s lawsuit filed in May to be unsealed for public viewing, declaring that Diageo can only keep specific parts off-limits. This followed a ruling last Friday (June 30th). The lawsuit by Diddy demands that the global brand, which oversees over 200 beer and liquor companies including Guinness, treat his DeLeon tequila brand “at least as favorably” as others under its umbrella per their 2013 agreement.

The details that have been revealed show some startling allegations. These details included Diageo apparently presenting Diddy with a watermelon-flavored version of his tequila despite his objections and attempts to educate the company on the ills of such a move. Another complaint made by Diddy, aka Sean Combs, says that Diageo informed him that all of their agave plant production would be directed towards the company’s other tequila brands in 2021, forcing DeLeon to hurriedly hunt for suppliers in a tight market. 

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Combs has also stated that since Diageo’s purchase of competing tequila brands Don Julio and Casamigos in 2014 and 2017, the company insisted on positioning the DeLeon brand as an “urban” brand and paid little attention to its marketing. The suit points to a statistic that as of last year, DeLeon was marketed in 3% of potential areas as opposed to Don Julio being marketed in 36% of potential areas. In addition, the brand has been listed as “out of stock” in major markets at least ten times over the last year.
In response, Diageo released a statement. “His attempt to recast follow-up discussions regarding innovations for DeLeon is, as is his entire suit, disingenuous and self-serving,” it said. They also claimed that Diddy was highly supportive of their actions in the past, pointing to his backing of the production of Ciroc Summer Watermelon. Diageo is now in the process of terminating its partnership with Ciroc Vodka and Combs, which first began in 2007.

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In late May, Sean Diddy Combs sued his longtime spirits partner Diageo, citing racism and claiming the brand was falling short in their support of Ciroc and DeLeon. Today (June 27), Diageo announced it is severing its business ties with Diddy.

Diddy filed his lawsuit with the New York Supreme Court in Manhattan. Per the complaint, Diddy’s Ciroc vodka and DeLeon tequila brands were not being pushed with the same gusto as other celebrity brands under the Diageo umbrella, like Casamigos which is backed by actor George Clooney and which Diageo purchased for $1 billion in 2017. According to Diddy, it came down to racism his brands are perceived as Black and “Urban.” Diddy also pointed to issue with the lack of availability of his brands compared to others in the vast Diageo portfolio that includes Johnny Walker, Guinness, Tanqueray and Smirnoff.
Diageo is denying Diddy’s claims.

Per CNN, Diageo is claiming to have invested $100 million to help grow Diddy’s DeLeón tequila while claiming the mogul contributed a mere $1,000.
“This is a business dispute, and we are saddened that Mr. Combs has chosen to recast this matter as anything other than that,” said a Diageo press rep in response to Diddy’s initial filing. “Our steadfast commitment to diversity within our company and the communities we serve is something we take very seriously. We are disappointed our efforts to resolve this business dispute amicably have been ignored, and that Mr. Combs has chosen to damage a productive and valued partnership.”
Well today, the other shoe dropped. Diageo, which has been in business with the Hip-Hop mogul since 2007, announced that it was cuttings its brand partnerships with Diddy. The brand intends to arbitrate alleged breaches of their DeLeón agreement while the Cîroc relationship is terminated.
“Mr. Combs’ bad-faith actions have clearly breached his contracts and left us no choice but to move to dismiss his baseless complaint and end our business relationship,” said Diageo in a statement. “We have exhausted every reasonable remedy and see no other path forward.”
Combs’ lawyers responded in kind with a statement of their own.”It’s a cynical and transparent attempt to distract from multiple allegations of discrimination,” said Combs’ attorneys. They added, that Combs has “repeatedly raised concerns as senior executives uttered racially insensitive comments and made biased decisions. He brought the lawsuit to force them to live up to that contract, and instead they respond by trying to get rid of him. This lawsuit and Mr. Combs are not going away.”

Diageo also filed a motion to dismiss Diddy’s lawsuit.
Now it’s on Combs to deliver the receipts.

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Source: Bernard Smalls / @PhotosByBeanz
Diddy is about to make a grand homecoming to Harlem. He will be honored with the Icon Award at The Apollo Theater.

As spotted on HipHopDX the Bad Boy Entertainment mogul is about to be receive a distinction very close to his heart. On Monday, June 12 Diddy will be the recipient of this year’s Icon Award at their 2023 Spring Benefit. As expected the “Act Bad” rapper took to social media to ensure the culture knows he is back in New York City. “Wassup Harlem, I’m coming Home,” he in a since delete Instagram video. “Monday, I’ll be there, getting that Apollo Icon Award. And you know it’s up. So if you in the city all the Harlemites, ya’ll know I ain’t got everybody’s number but I plan on seeing you, and drinks is on Diddy.”

Six-time NBA champion  Kareem Abdul-Jabbar will also be awarded the Impact Award. In honor of the 50th anniversary of Hip-Hop, there will be special appearances from trailblazers including rapper and formidable actress MC Lyte, three-time Grammy award winning artist, producer and writer Wyclef Jean, and for a mainstage set and to helm the DJ booth at the event’s infamous afterparty will be DJ D-Nice. Musician, composer and producer Ray Chew returns to the Apollo stage as Music Director for the 12th year.
All proceeds will support the non-profit organization’s year-round, world-class artistic, education, and community programs, as well as its commitment to articulating and projecting the African American narrative using arts and culture, and creating a 21st century performing arts canon. The Apollo has been a place of dynamic energy and forward motion for more than 89 years. This season’s programmatic theme is aptly themed “The Next Movement!” and has presented signature programs, audience favorites, and exciting new works from artists pushing the boundaries of their art forms – from music and dance to fashion and film, and beyond.
Photo: Bernard Smalls

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A bitter taste over failed promises over a tequila brand has led Diddy to file a lawsuit against his partner in the brand, Diageo.
According to reports, the entertainment mogul filed a lawsuit on Wednesday (May 31st) against the multinational spirits company, citing their neglect of the DeLeón tequila brand he co-owns with them. The lawsuit was filed by Combs Wines and Spirits in New York State Supreme Court against Diageo’s North American entity, with the expressed aim of compelling Diageo to comply with the joint-venture agreement both signed in 2013 and other written agreements crafted to resolve complaints.

Diddy, also known as Sean Combs, has also alleged that Diageo engaged in a pattern of racial discrimination when it came to the DeLeón brand, describing it as a “Black brand” and “urban”. He also accused Diageo of neglecting his brand while investing heavily into two other tequila brands including Casamigos, the brand backed by actor George Clooney which Diageo purchased for $1 billion in 2017. Don Julio is the other brand.
Other examples Combs presented in the documents of the lawsuit include confusion on the pricing of DeLeón bottles and his dismay at the decision by Diageo to not provide available agave to DeLeón during a shortage of the key tequila ingredient in 2020 and 2021. Another example cited was a bottle redesign that “was prone to bubbling, which made the product look cheap,” according to the filing.
According to retail data from last year, DeLeón’s availability on shelves in retail outlets is outpaced by a vast margin. It was estimated to have been found in 3.3% of retail outlets nationwide, while Casamigos and Don Julio were available at 34.4% and 36% of retail outlets nationwide, respectively.
“This is a business dispute, and we are saddened that Mr. Combs has chosen to recast this matter as anything other than that,” a spokeswoman for Diageo said to initial press inquiries. “Our steadfast commitment to diversity within our company and the communities we serve is something we take very seriously. We are disappointed our efforts to resolve this business dispute amicably have been ignored, and that Mr. Combs has chosen to damage a productive and valued partnership.”
Diddy recently launched his Diddy Direct platform, a portal whose aim is to help consumers and retailers locate his spirit brands.

Sean “Diddy” Combs is suing alcohol giant Diageo for allegedly breaching their partnership deal for a brand of tequila, leveling accusations of racism at the company and claiming it has treated his product line “worse than others because he is Black.”

In a complaint filed Wednesday (May 31) in New York court, attorneys for the star’s Combs Wines and Spirits claimed that Diageo had “typecast” his DeLeon Tequila as a “Black brand” that could only be sold to “urban” consumers, harming its sales and potential for growth.

“Cloaking itself in the language of diversity and equality is good for Diageo’s business, but it is a lie,” Combs’ lawyers wrote. “While Diageo may conspicuously include images of its Black partners in advertising materials and press releases, its words only provide the illusion of inclusion.”

Combs claims the “unequal treatment” DeLeon has received from Diageo has left his brand lagging behind competing Diageo brands like Casamigos and Don Julio — and that the company then used those lower sales figures to offer even less support for the brand.

“Combs Wines seeks to finally put an end to Diageo’s longstanding misconduct,” the star’s lawyers wrote. “Diageo must be ordered by a court to give Combs Wines the same treatment it gives its other, successful tequila brands. It is time that Diageo’s actions match its words.”

In a statement to Billboard, a Diageo spokesperson said the company was “disappointed our efforts to resolve this business dispute amicably have been ignored, and that Mr. Combs has chosen to damage a productive and valued partnership.”

“This is a business dispute, and we are saddened that Mr. Combs has chosen to recast this matter as anything other than that,” the company said. “Our steadfast commitment to diversity within our company and the communities we serve is something we take very seriously. We categorically deny the allegations that have been made and will vigorously defend ourselves in the appropriate forum.“

In technical legal terms, the lawsuit claims that Diageo has violated a specific provision of the operating agreement that governs the Combs-Diageo joint venture that owns DeLeon. It’s not entirely clear what that provision requires — much of the legal complaint is heavily redacted — but the lawsuit claims it was included in the deal to ensure equal treatment.

“Because he knows that contracts matter more than press releases, Mr. Combs insisted that Diageo agree to certain terms to ensure his brands were not ignored or relegated to second-class status,” Combs’ lawyers wrote.

Among other alleged breaches, Combs claims Diageo violated that provision by placing DeLeon in “far fewer outlets than its other tequila brands” and failing to produce enough of it to keep store shelves stocked.

But Combs’ lawyers repeatedly stressed that their case was not simply a run-of-the-mill breach of contract lawsuit: “Similar to the realities experienced by many people of color in the United States, Diageo’s treatment of its business relationship with Mr. Combs was tainted by racial prejudices.”

At one point, Combs claims he was directly told that “things would be different if he were a white, not Black, celebrity.”

“Diageo, in other words, openly admitted that it viewed Mr. Combs merely as a Black man thatmight prove useful in marketing to Black consumers,” Combs said. “Nothing more.”

Read the entire complaint against Diageo here: