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Cable Show: Sean Combs Says MSG Used Revolt TV To Bid Up Fuse Sale Price

By | Thursday May 1, 2014 @ 11:55am PDT

sean-combs-revolt-tv-finalizes-national-deal-with-time-warnerRapper and style icon Sean Combs, who’s chairman and co-founder of Revolt TV, says that the music channel was “used as a pawn” in the auction for Fuse, which the parent of Jennifer Lopez’ NuvoTV agreed to buy last monthHis bid in March, estimated at $200M, fell short when Fuse owner MSG agreed to SiTV’s offer of $226M and a 15% stake in the company. “It’s cool. That’s the way business works,” Combs said at a panel at Revolt TV Diddy TCAThe Cable Show in LA. (Fuse today is laying off staffers as it prepares to merge with NuvoTV.)

Still, Combs is optimistic, promising to make Revolt “the No. 1 brand in music worldwide” — potentially rivaling ESPN and CNN — as he urged distributors to pick up the channel. Television ”was a natural evolution for me,” especially as he saw that “music was homeless” on the medium. That “left a wide open space for the No. 1 form of entertainment, especially among Millennials.” Read More »

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Sean Combs Offers $200M For Fuse TV: Report

Fuse_logoThe performer who now just calls himself Diddy would use the music channel to boost distribution for his Revolt TV, another music service that launched in October, Bloomberg reports citing “three people with knowledge of the situation.” Comcast helped to launch Revolt to fulfill its agreement, in return for government support for its 2011 acquisition of NBCUniversal, to add minority-owned networks. But it’s been hard to secure distribution: Revolt only  reaches about 22.8M homes, while Fuse is in 74M. Madison Square Garden put Fuse on the block in September Diddyretaining JP Morgan to “explore all strategic alternatives.” Distributors pay an average of 8 cents per month for each home Fuse reaches. Stifel analyst Benjamin Mogil noted at the time that Fuse could command a healthy price because its deals with distributors enable a buyer to reprogram the network to offer “anything other than live sports.” Many MSG shareholders are eager to see the company return cash to them, possibly by repurchasing shares. The stock has stagnated in recent months. In a call with analysts in February, Vice Chairman Hank Ratner — who was CEO at the time — declined to discuss MSG’s progress with the Fuse sale. Tad Smith, a former exec at Cablevision, took the top job at MSG last month. Cablevision CEO James Dolan is MSG’s executive chairman; his family controls about 69% … Read More »

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Sean Combs Announces Open Casting Call For Revolt TV

By | Tuesday September 10, 2013 @ 1:45pm PDT

Attention music fans between the ages of 13 and 25 – Revolt TV wants you. Revolt founder and chairman Sean Combs announced an open casting call today for on-air talent for the new multi-platform television channel set to launch next month. In an Instagram video posted today (see below), Combs asks candidates to submit 15-second audition tapes explaining why they are REVOLT. Submissions can be uploaded to Twitter, Instagram, Vine, Vimeo, Facebook or YouTube. In the video description, participants must use both #iamrevolt and another hashtag to describe their musical style, for example #alternative, #EDM, #hiphop. They can also use the description or comment section to describe their personal style and any musical inspirations. The video must end by saying “I Am REVOLT.” Deadline for submissions is September 30th. One of the top candidates could be offered to join Revolt as an on-air host. Click over for Combs’ video: Read More »

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Revolt TV Unveils Executive Team

By | Monday July 29, 2013 @ 12:39pm PDT

Los Angeles, CA (July 26, 2013) – Sean Combs, Founder and Chairman of Revolt TV, announced today the executive team in place to lead the upcoming multi-network cable channel. Keith Clinkscales will serve as CEO, Andy Schuon will serve as President, and Val Boreland will serve as Executive Vice President of Programming and Strategy. Revolt TV is a multimedia, real-time socially connected television channel for a new generation of artists and innovators, set to launch in Fall 2013. Envisioned as a maverick television channel with an emphasis on music, its programming will focus on music videos, live performances, music news, live interviews, a robust social media component, as well as an offering of talk shows and original series with a mission to equally reflect and impact popular and music culture. Revolt TV has national carriage deals with both Comcast and Time Warner Cable (TWC), making it one of the largest launches of a channel in television history. “Keith, Andy and Val are the perfect combination to run Revolt – they are my executive dream team,” said Sean Combs. “This launch could not be done without their talents, experience and drive to create the best new network the industry will have seen in a long time.”

Related: TCA: Sean Combs Wants Revolt To Be The CNN Of Millennial Music

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