(AllHipHop News) Diddy was very candid about racism in America in a new cover story for Variety.
The mogul, who launched his legendary Bad Boy Records label back in 1993, has since become the most successful entrepreneur in all of media.
Diddy has gone on to create the billion-dollar brand Sean John, as well as Ciroc, DeLeon tequila, and most recently Revolt TV.
Diddy said Revolt was created as a counterbalance to the racism inherent in the music and entertainment business.
“There are a bunch of injustices going on, and the same fire and vigor that people have about the #MeToo movement, I think it’s time that they have that about the way black America has been treated too.”
The 48-year-old mogul compared racism in the music business to the NFL, where there are no black owners of a franchise.
“For all the billions of dollars that these black executives have been able to make them, [there’s still hesitation] to put them in the top-level positions. They’ll go and they’ll recruit cats from overseas,” he continues. “It makes sense to give [executives of color] a chance and embrace the evolution, instead of it being that we can only make it to president, senior VP. … There’s no black CEO of a major record company. That’s just as bad as the fact that there are no [black] majority owners in the NFL. That’s what really motivates me.”
Diddy also labeled the phenomenal success of black panther as a cruel experiment.”
"We live in 2018, and it’s the first time that the film industry gave us a fair playing field on a worldwide blockbuster, and the hundreds of millions it takes to make it.
"When Adidas invests in Kanye and it’s done properly, you have the right results," Diddy continued. "When Live Nation invests in artists and puts them in arenas the same way U2 would be, you have the right results. ‘Black Panther,’ ‘Black-ish,’ fashion; it’s all about access. If you’re blocked out of the resources, you can’t compete. And that’s my whole thing — to be able to come and compete.”
Check out the full cover story over at Variety.com.