With the announcement that REVOLT's employees will take over Sean 'Diddy' Combs’ shares in the company, CEO Detavio Smith speaks about its future.
in 2013 — celebrated its 10th anniversary. Now, eight months later, the multi-platform media company is celebrating its rebirth as an employee-owned entity.last November after being served with multiple sexual assault lawsuits.
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.
Diddy was very publicly the face of Revolt. How do you plan to forward and reinvent the brand out of his shadow? 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.
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