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Last October, REVOLT — the Black-owned and operated digital cable network co-founded by Sean “Diddy” Combs in 2013 — celebrated its 10th anniversary. Now, eight months later, the multi-platform media company is celebrating its rebirth as an employee-owned entity.
Announced today (June 4) by REVOLT CEO Detavio Samuels, the historic business shift follows in the wake of Combs’ stepping down as company chairman last November after being served with multiple sexual assault lawsuits. In keeping with Samuels’ and his team’s determination that REVOLT remain Black-owned and operated, the equity move — in which Diddy sold his stake back to the company, which is then distributing shares among its current employees — underscores the company’s original vision to pioneer a new era of entertainment while also establishing a new media model.
“I needed my employees to be incentivized, excited, to feel like they have skin in the game,” Samuels exclusively tells Billboard. “It’s about generating wealth for marginalized communities who have been historically left out.”
Atlanta-based Samuels joined REVOLT as COO in 2020 and was promoted to CEO a year later. It’s his hope that “more CEOs embrace and embody this idea of linked prosperity: if the company wins, every single person wins. We’re trying to set an industry standard where this type of thing becomes the norm.” In the following interview, Samuels outlines REVOLT’s journey to that decision.
At what point was the decision made to seek a new owner for REVOLT?
After all of the allegations in November became clear, stepping into 2024 for that association with Sean Combs could be a distraction to the mission that we had been on for the last four years. So at that point in time, we had very real conversations. You know, you can’t force anybody to sell their shares in the same way that nobody could force you to sell your house. But Sean Combs understood the assignment and elected to sell his shares so that the mission could continue.
In March there were media reports that Richelieu Dennis, the owner of Essence magazine, was buying REVOLT. Was that true? Were there other suitors for the company?
There’s been tons of speculation and rumors, as you can imagine. What we wanted to do was find the best home for REVOLT. At the end of the day, we want this business, which is stronger than ever, to continue to thrive. So absolutely, we’ve had lots of conversations with people. What we realized is that you can search the whole world, but we came to the conclusion that the only people we needed was us. We were the ones that we were looking for. I hope that can be a signal just to us as Black people and the Black community in general about self-reliance, unity. Nobody’s coming to save us. We have all we need to save ourselves.
When you came on board as CEO, was such a notion on your mind then?
One of the biggest things I wanted to do was just make sure that employees could benefit in the success of this company. And it’s been a conversation that we’ve had, specifically at the management level, for the last four years since I’ve been here, looking for the opportunity to ultimately make it happen. I’m a big believer in the idea of linked prosperity, meaning that as REVOLT wins, everybody in our ecosystem wins. Our values are reflected in our business model. We’ve given 50-plus entrepreneurs capital with no exchange of equity. We’ve put more than $50 million recirculated back into the Black community every single year. We have the biggest deals with the biggest content creators, but all of them also have upside participation in the content we co-create.
When we’ve had big years and blown our numbers out the water, our employees got big bonuses — every single one of them. So this was kind of like the missing piece. How do we put our employees, who are giving us their blood, sweat and tears every single day, in a position where they can benefit from the economics of their genius? So I’m thrilled that we are finally at that point where the people who are the backbone of our success now to get to be shareholders in the company.
At the bottom of the press release announcing REVOLT’s new owners, it says, “Shares held by the company’s former chair have been fully redeemed and retired.” What does that mean exactly?
Some people still aren’t clear. So that [statement] is enough to make it very clear: He [Sean Combs] is not the chairman of the company. He’s not on the board of this company. And he owns zero equity and zero shares in this company.
How did you decide to distribute the shares among employees? Were they all given equal shares?
Everyone is not going to be given equal shares. What we’re doing right now is working through a distribution process where we can ensure everything is smooth and fair. And two of the key components, of course, will be seniority and our vesting schedule. We plan on rolling that out over the course of the next few months.
And by employees, that includes yourself and the rest of the executive team as well?
If you are a full-time employee at REVOLT, you will receive something from this distribution.
Was there any pushback to this plan?
There was no pushback. In fact, if anything, I need to celebrate my amazing board, who immediately latched onto the idea. Their work was critical in helping us get here, so no pushback. Everybody knows that REVOLT is a values-driven brand. We don’t just talk the talk, we walk the walk.
How many members comprise the board and what are the names of some of those members?
We’re going to keep that side confidential.
And new employees will be eligible to be shareholders as well?
New employees will be eligible for this equity incentive pool as well. In the short term today, there are no massive changes happening to our organizational structure. We will continue to stay on brand; the vision and mission are the same. We want to shift the narrative for Black people globally by building the world’s most powerful Black storytelling engine on the planet, powered by creators. In fact, as we lean into this idea of being powered by creators, we are trademarking a new term: we are “pioneering a new era of entertainment.” Media is in chaos right now. But we believe that we’ve got a new model that works in this chaotic world that we live in. And we’re getting ready to make a run and show the world what it’s supposed to look like. The only other way to say this is that we’re about to dream bigger and we’re about to dream Blacker. That’s all it is.
Diddy was very publicly the face of Revolt. How do you plan to forward and reinvent the brand out of his shadow?
Diddy wasn’t the face of the brand, I don’t think, inside of the company. Since I’ve been here, he’s never been part of the day-to-day operations and the teams have had zero interaction with him. So there’s no difference on our side; no difference with our clients and our affiliate partners, our customers. So really the only place where I think there’s this, you know, massive association with him and REVOLT is with the culture.
The way we will respond to that, first and foremost, is with this announcement so that everybody knows every time you support REVOLT, you are standing by the people and the employees who are building this thing. The second thing is, it was never supposed to be built on one person. REVOLT has never believed that it is one person, one idea, one lens. You can’t shift the narrative for Black people through one lens. So we will continue to bring on the biggest and baddest creators in the culture. And it is through this “for us, by us” model that we will get people to shake this association from Sean Combs and make it about the people who are building the culture today.
Are you planning to continue REVOLT’s events business as well as the television and podcasting initiatives?
Last year’s REVOLT WORLD summit was just the pilot and it took off like a rocket ship: 30,000 people [in attendance] during three days. Now we’re moving ahead with our vision and strategies clear. We haven’t announced this year’s REVOLT WORLD yet, but it will be in September. Last year’s was sponsored by Walmart, Pepsi, McDonald’s and other brands who have continued to stand by us through all of this.
The other piece is about this new era of media. Gone are the days where there’s a single-lane media company, where you can only be cable, only be a podcast, or only be live events. We believe we have this special model where we are able to be fast, efficient and effective, partner with the dopest creators in the culture, shoot once and be able to deliver that in whatever format — cable, streaming, podcast, live events — that our audience wants to consume it: Spotify, Apple, all cable, CTV, YouTube, so be it. It’s imperative that we reach our audience wherever they live and breathe. You name it, we’re going to be there.
What is REVOLT valued at and is it profitable?
I can’t tell you the valuation. But REVOLT has been profitable since at least 2018. I took over [as CEO] in the COVID year, 2020. If you compare the numbers we finished in 2020 to the numbers we finished in 2023, EBITDA is up 3.5x. If you want to compare advertising numbers, those are up six times. The business is healthy, the business is sound. That’s why we’re ready to make this next run.
Are there plans to continue to shop REVOLT in the future, or is this the ownership structure you guys are committed to now?
I am 100% committed to this new ownership structure. I’m big about the history and the history of America says that Black people have been responsible for building trillion-dollar industries in this country, whether we’re talking about the cotton and tobacco industries or now hip-hop. But they’ve never been able to fully reap from the economics that their hard work and genius have built. Black and brown people deserve to benefit from the economics that their genius creates.
A second thing also underscores my commitment and why this announcement is so important and historic. Usually when you run into these kinds of situations, the companies reflect what I consider the old America majority: white people. Marginalized groups barely get a benefit when these types of things take off. But with REVOLT, you’re talking about a company that’s majority Black and 50% women. So when we make this run to become the next Black unicorn, when we hit that billion-dollar valuation, those people who have historically been left out of the wealth-building opportunities in America will be left out no more. So for those reasons, I’m committed. Does that mean that we won’t have to take back equity in order to raise capital to make that run to that billion-dollar number? No. But what it means is our employees will always have a share and ownership in this company that they’re creating.
With the ownership situation behind you, what are you looking forward to next?
I’m most excited about the bunch of coming announcements that I’m sitting on right now and can’t wait to roll out. For now, people can see that we’ve started to sow some seeds, like launching REVOLT Sports. People may think we’ve been a little quieter than usual. And in full transparency, we have been: the only hit show we have running at this time is Drink Champs on YouTube. But they’re about to find out really quickly that REVOLT is about to get real loud real fast. So ask me this question in December, and I’m sure I’ll have plenty to talk about.
Revolt announced on Tuesday (June 4) that its employees will become the company’s largest group of shareholders.
The announcement follows a report in March that Sean “Diddy” Combs, who founded the company in 2013, sold his shares to an anonymous buyer. Combs is facing multiple sexual abuse lawsuits, with two more complaints filed against him in May; he has denied any wrongdoing.
In a statement on Tuesday, Revolt CEO Detavio Samuels said “we succeed because we have a dedicated team who has been committed to advancing our purpose, our community, and our culture every single day.”
“Without question, they deserve participation in our growth,” he added, “and I could not be more honored to continue on this journey with them, leveraging our collective strength, pushing boundaries, and achieving new heights together.”
Speaking to The New York Times, Samuels also noted that “One-hundred percent of Sean Combs’s shares have been redeemed and retired” and “we have completely separated and dissociated from each other.”
Combs stepped down as the chairman of the Revolt board in November, not long after he was accused of sexual and physical abuse by his former girlfriend, Cassie Ventura, who performs as Cassie. (The suit was settled a day later.) Earlier this year, Combs’ Miami and Los Angeles homes were raided by federal agents, part of what Homeland Security described as “an ongoing investigation.”
Samuels told The Hollywood Reporter that Revolt has been unaffected by the allegations against its founder. “Since [his departure], there’s been no interaction or anything in terms of leading or driving the brand,” he said in March. “We lost no clients, we lost no employees, we didn’t lose a dollar. Q4 was the largest quarter in the history of Revolt, and 2023 was the best advertising year we’ve had in the history of Revolt. In all ways it was record-breaking, even in the middle of a crisis.”
It’s become more common for new media companies to offer employees a stake in their success. Publications like Defector, Hell Gate, and 404 Media are worker-owned. The start-up Puck also offers employees “a small ownership stake in the company,” according to The New York Times.
Kanye West is facing a lawsuit from his former assistant over allegations of sexual harassment and wrongful termination, including claims that he masturbated in front of her.
In a complaint filed Monday in Los Angeles court, Lauren Pisciotta claims that she faced a “systematic” onslaught of “unlawful harassment” during her year of working for the embattled rapper, first as an executive assistant and later as chief of staff for his companies.
Pisciotta says West frequently sent her sexually explicit texts, including photos and videos of him having sex with other women, and that he repeatedly propositioned her for sex.
“Defendant would often tell plaintiff that he always wanted to have sex with her, and that he held these feelings for a very long time,” Pisciotta’s lawyers write. “Defendant also falsely boasted that he had sex with plaintiff or would insinuate to his friends, business partners and music and fashion collaborators that he was having sex with plaintiff.”
In one particularly graphic allegation, Pisciotta claims that West locked her in a room during a private jet flight and laid down in a bed in front of her: “Plaintiff sat in a chair across from defendant; he masturbated under the covers until he fell asleep. Plaintiff was unable to leave as the door had locked and jammed behind her.”
A rep for West, who now legally goes by the name Ye, did not immediately return a request for comment.
According to the lawsuit, West hired Pisciotta in July 2021 after they met while she was working in connection with his fashion line. She says she agreed to work for him as a “full time employee” in return for a $1 million salary.
At the time she was hired, Pisciotta says she maintained a successful page on OnlyFans – a social media site in which subscribers can pay to access sexually explicit content from individual creators. Pisciotta says the page was generating more than $1 million per year, and West “did not have any issue or objection to it” when she was hired.
But a year later, she says West told her that he wanted her to be “God like” and asked her to delete the page in return for a promise of a $1 million payment. Though she agreed to do so, her lawyers claim she didn’t see any of that money: “Ye never paid plaintiff as promised.”
Pisciotta’s lawsuit came with pages of texts allegedly sent by West, many of them sexually graphic. In one, he allegedly sent a video of him having sex and then asked “What u think of this vid.” In another, he referenced an earlier outing at a bowling alley: “I just thinking back to the bowling alley thinking of what the headline could have been,” the rapper wrote in one of the alleged texts. “Ye arrested for fucking the shit out of his assistant on the bowling alley floor.”
In another incident, the lawsuit says West told a male guest that he could have sex with Pisciotta in exchange for allowing West to have sex with another woman.
In October 2022, Pisciotta says she was terminated, shortly after she had been promoted to chief of staff and offered a huge raise. Though she was allegedly offered a $3 million severance payment, she claims West and his companies later “reneged on their commitment to pay the severance.”
In technical terms, the lawsuit includes claims of breach of contract, wrongful termination, sexual harassment, retaliation, gender discrimination, fraud and various other employment law violations.
John Legend is speaking out against Diddy, less than a year after the duo collaborated on a track that appeared on Legend’s The Love Album: Off the Grid.
“I was horrified by the descriptions that I read before the video evidence came out,” Legend told CNN this week of the devastation accusations against Diddy, as well as the video that was released that featured the hip-hop star appearing to assault his then-girlfriend, Cassie Ventura. “And absolutely it’s something that needs to be brought to light when it happens.”
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The duo collaborated with Babyface on 2023’s “Kim Porter,” which was named after Combs’ late partner who died in 2018 of pneumonia.
Noting that that allegations against Diddy are “shameful,” Legend added, “My default stance is to believe women when they make these accusations and to make sure that we do whatever we can to support women,” hoping “that they’re heard and that any kind of accountability and reparations can be made to make these women whole again.”
In the video, obtained by CNN earlier this month and dated March 5, 2016, Combs appears to shove Ventura to the ground near an elevator bank, kick her several times while she lies on the ground and drag her down a hallway. The contents of the video mirror an assault allegation Ventura made in a now-settled lawsuit she filed against Diddy in November.
Shortly after, on May 19, Diddy took to social media to share a video of himself taking responsibility and apologizing for his actions in the disturbing clip. “It’s so difficult to reflect on the darkest times in your life, but sometimes you got to do that,” Diddy says in his Instagram video. “I was f—ed up. I mean, I hit rock bottom. But I make no excuses. My behavior on that video is inexcusable. I take full responsibility for my actions in that video. I’m disgusted. I was disgusted then when I did it, I’m disgusted now.”
He continued, “I went out and sought professional help. Had to go into therapy, into rehab. Had to ask God for his mercy and grace. I’m so sorry. But I’m committed to being a better man each and every day. I’m not asking for forgiveness. I’m truly sorry.”
“The gut-wrenching video has only further confirmed the disturbing and predatory behavior of Mr. Combs,” said Ventura’s attorney, Douglas Wigdor, in a statement sent to Billboard. “Words cannot express the courage and fortitude that Ms. Ventura has shown in coming forward to bring this to light.”
Ventura was the first to accuse Diddy of sexual assault, filing a lawsuit in November in which attorneys for Cassie claimed she “endured over a decade of his violent behavior and disturbed demands,” including repeated physical attacks and forcing her to “engage in sex acts with male sex workers” while he masturbated. According to the complaint, after she attempted to separate from him in 2018 after an on-and-off public relationship for 11 years, Combs allegedly “forced her into her home and raped her while she repeatedly said ‘no’ and tried to push him away.” The case was soon settled, but Combs was then sued by multiple other women who claimed they were sexually abused by the hip-hop mogul.
“ENOUGH IS ENOUGH,” Diddy wrote on Instagram in December. “For the last couple of weeks, I have sat silently and watched people try to assassinate my character, destroy my reputation and my legacy. Sickening allegations have been made against me by individuals looking for a quick payday. Let me be absolutely clear: I did not do any of the awful things being alleged. I will fight for my name, my family and for the truth.”
Jason Aldean and his wife Brittany Aldean shared their reactions after former president (and current presidential nominee) Donald Trump’s conviction on 34 felony charges. The Trump verdict marks the first criminal conviction of a former president in U.S. history. The “Try That in a Small Town” singer shared a photo on Instagram of an upside […]
Former President Donald Trump is now a convicted felon, with a Manhattan jury finding him guilty of all 34 charges against him of falsifying business records Thursday (May 30) following a seven-week trial. Explore Explore See latest videos, charts and news See latest videos, charts and news The verdict makes him the first ex-POTUS to […]
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The late Notorious B.I.G.‘s mom, Voletta Wallace, was one of many people who was disturbed after a video of Sean “Diddy” Combs physically assaulting then-girlfriend Cassie Ventura in 2016 surfaced earlier this month. And in a new interview published Thursday (May 30), the Biggie’s mother told Rolling Stone that the clip — compounded with the […]
Several of the people who have accused disgraced former music mogul Sean “Diddy” Combs of sexual abuse have spoken out for the first time in a new Rolling Stone story in which they detail the alleged actions of the Bad Boy Records boss.
One of the women suing Combs for sexual assault, Joi Dickerson-Neal, told the magazine that she didn’t come forward for a payday, but rather to make sure “the world sees that this man who rose to the level of an ‘icon’ is actually sick and has left so many victims in [the wake of his] unpunished disgusting behavior for years.”
“One date with Sean Combs led to the trauma and pain of sexual assault and an ocean’s depth of shame,” she alleged to the publication, as well as “debilitating self-doubt and a lifetime of inner turmoil” after learning that Combs allegedly distributed an explicit video of her, as outlined in her lawsuit.
Combs is currently facing lawsuits from multiple people, all of whom accuse the disgraced music mogul of sexual abuse, with five of the women accusing Combs or rape or violent sexual assault in incidents that date back to 1990. After CNN recently obtained and surfaced a 2016 video of Combs assaulting then-girlfriend Cassie Ventura — who sued him for rape and assault in November, and settled soon after — the musician apologized and took responsibility for his actions in the video, but he has otherwise strongly denied all the other allegations.
Combs’ attorney told the magazine that he cannot comment on settled litigation and will not comment on pending legal action. Billboard has also reached out to his PR and legal teams for comment on the allegations in the Rolling Stone story.
Dickerson-Neal, who appeared opposite Combs in a 1990 music video, filed a sexual assault suit against Diddy in November. She told the magazine that she “reluctantly” agreed to a dinner date with Combs in January 1991 while attending college and working at a restaurant to pay her bills. After allegedly being warned to stay away from Combs because of his “infamous reputation,” Dickerson-Neal said she asked that they dine at the restaurant where she worked because she was afraid to be alone with him.
She alleges in her lawsuit that Combs “intentionally drugged” her, then allegedly sexually assaulted her. Dickerson-Neal also claims Diddy filmed the alleged attack and showed the video to others “like a trophy.” Combs’ lawyers deny the allegations and have moved to dismiss her lawsuit.
Rodney “Lil Rod” Jones, a music producer who has also sued Combs, accusing him of “groping and touching” his anus and repeatedly forcing Jones to “solicit sex workers and perform sex acts to the pleasure of Mr. Combs,” also spoke to RS. Jones told the publication, “He is a monster, nothing has changed … this guy got no soul. He has no duty to anyone, not even his kids.”
Model Crystal McKinney described taking part in a fashion show for Diddy’s Sean John clothing brand in February 2003, and in her lawsuit, claims that Combs pressured her to take a hit from a “laced” joint after saying she was acting “too uptight.” The suit claims Combs allegedly forced her to perform oral sex on him, an incident that she said sent her into a “tailspin of anxiety and depression” that resulted in a suicide attempt.
“I had a whole future [in modeling] mapped out that was stolen from me. Being sexually assaulted and having no recourse is so painful,” McKinney told RS. “I felt like I was dying every day because I did not yet have the strength to come forward. … I hope that by speaking out, I can help other survivors come forward and seek justice.”
A woman who filed a Jane Doe lawsuit against Diddy in December over claims that he and two other men drugged and raped her in 2003 when she was 17 years old — a suit Combs’ lawyer filed to dismiss, calling it a “decades-old tale” aimed at extracting “an undeserved financial recovery” — also spoke out. She told RS that she hopes her legal action will hold “not just Combs, but also all of those who acted with him, stood silent, and actively covered up his behavior” to account.
Stories about sexual assault allegations can be traumatizing for survivors of sexual assault. If you or anyone you know needs support, you can reach out to the Rape, Abuse & Incest National Network (RAINN). The organization provides free, confidential support to sexual assault victims. Call RAINN’s National Sexual Assault Hotline (800.656.HOPE) or visit the anti-sexual violence organization’s website for more information.
As the crisis in Gaza continues to escalate in violence, Kehlani has taken to Instagram to call out their peers for not speaking up.
In a clip posted Monday, the “Distraction” singer shared contempt for her “highly f—ing platformed” peers in the music industry for not speaking out about the Israel-Hamas war. “And you can’t stop for a second and recognize that … nothing we do has a f—ing purpose without people and you can’t turn the f— around and reach back for people? You can’t speak? Disgusting,” she says in the clip.
Kehlani noted that they lost “any ounce of f—ing respect” for those who have not spoken up. “This is going to be in history books. … This is going to be something that is referenced for the rest of f—ing forever.”
“F— a lot of y’all too,” Kehlani concluded.
In the caption, the star expanded on their thoughts. “I don’t got it no more I just don’t I tried hella ways to cope & it doesn’t exist and that’s okay, nobody should know how to cope right now,” she wrote. “I tried to drop some music & get my mind back right, my focus back & the rage is just EXTREMELY prevalent. this sh– is f—ing me up BEEN f—ing me up it should be f—ing a lot of yall up but apparently it’s not???? what’s good yall??? we don’t sell out shows without A CROWD FULL OF PEOPLE. the songs don’t chart without PEOPLE. the trends don’t trend without PEOPLE. you don’t draw a line at beheaded babies or people burnt alive after 7 months of plenty of other atrocities ? idc about the roll out the formula the strategy the algorithm at this point i’m begging U TO BE PEOPLE. BE A F—IN HUMAN BEING.”
Kehlani’s post comes just a day after Israel launched a missile attack on Rafah, hitting an encampment of displaced Palestinians in the Tal As-Sultan, an area that Israel had reportedly set as a “safe zone.” The attack killed dozens of people and wounded at least 249 — many of whom were civilians, including women and children. Israeli Prime Minister Benjamin Netanyahu said the civilians were “unintentionally” hit.
The attack took place soon after the International Court of Justice ordered Israel to stop its Rafah military offensive. Israel’s ongoing attack on the Gaza Strip has killed more than 35,000 people since October, Reuters reports. The Gaza Health Ministry said on May 24 that more than 80,200 Palestinians have been injured in the offensive.
The Israel-Hamas war began Oct. 7, when Hamas attacked Israel, killing an estimated 1,200 people and taking more than 250 as hostages. According to The Associated Press, about half of the hostages have been freed.
Watch Kehlani’s full message below.