Picture: BANG Showbiz. All rights reserved.
Sean 'Diddy' Combs has offered his REVOLT shares.
Amid a sequence of great abuse allegations going through the disgraced rapper, his media firm has been declared “utterly redeemed and withdrawn” from REVOLT.
An announcement from the agency stated: “As the corporate continues to pioneer a brand new period of leisure that empowers creators and establishes a brand new media mannequin, this transformative construction ensures that the staff who drive the corporate's progress even have the chance to learn from their success.
“The allocation of shareholding will probably be carried out within the coming months. We’re working diligently to make sure a easy and honest distribution course of.
“Aligned with REVOLT's mission to alter the narrative of Black tradition globally, this unprecedented transfer units a brand new business normal that may present possession alternatives for present and future staff, a lot of whom come from who’ve traditionally been disadvantaged of such alternatives.
He famous: “The shares held by the corporate's former president, Sean 'Diddy' Combs, have been totally redeemed and retired.”
REVOLT issued a damning assertion concerning the CCTV footage and urged victims of abuse to contact a home violence group.
It stated on Instagram: “We’re deeply saddened and disturbed by the current circulation of movies of our former president, Sean 'Diddy' Combs.
“Even with their current separation from Revolt, it stays our obligation to handle this matter and acknowledge the direct affect it has on our workers, our viewers, and the tradition we symbolize.”
Combs co-founded Revolt in 2013, and the corporate added that it “stands in solidarity with all who’ve been victims of abuse and stays dedicated to upholding the values and integrity our group expects of us.”
It additionally stated: “We vehemently oppose any type of home abuse and can all the time be a fearless advocate for fact and accountability.”
REVOLT ended its assertion by sharing the contact info for the Nationwide Home Violence Hotline.
Combs briefly resigned as president in November 2023, after Cassie, whom he dated for 10 years, filed a lawsuit in opposition to him.
She accused the rapper, who modified his identify to Sean Love Combs, of rape and bodily abuse, and detailed the lodge beating incident that seems in not too long ago launched footage.
Combs settled the lawsuit out of courtroom the day after it was filed.
The Los Angeles District Legal professional's Workplace is not going to file costs in opposition to Combs attributable to a statute of limitations that forestalls them from prosecuting assaults courting again to 2016.
Combs stated in his apology video, posted on Instagram, that he was “really sorry” for hitting Cassie.
He started the video by saying that it was “very troublesome” to mirror on the “darkest moments of your life,” however stated, “Generally it’s important to do this.”
Diddy added: “I used to be screwed. I wish to say I hit all-time low however I don't make excuses. My habits in that video is inexcusable.
“I take full duty for my actions in that video. I’m disgusted. I used to be disgusted then after I did it and I’m disgusted now.”
Footage confirmed Combs holding a towel round his waist as he chases Cassie earlier than punching her, throwing her to the bottom and kicking her as she lies immobile on the bottom.
He then grabs his suitcases and continues assaulting Cassie earlier than dragging her by the elevator and into the hallway.
A second digital camera angle of the assault reveals the singer slowly getting up and accumulating her suitcases after the assault ends, with Combs sitting in a chair immediately in entrance of her whereas holding up a telephone within the hallway.
Combs is then seen grabbing what seems to be a vase and throwing it on the singer.
Diddy was hit by a wave of lawsuits in late 2023 and early 2024, together with allegations of intercourse trafficking and sexual assault.
The instances stay lively and he has denied all claims in opposition to him.