Diddy Covers Vanity Fair / Blasts Industry For Lack Of Investment In Black Businesses
Diddy, recently spoke with Vanity Fair and vented about how show-business’ fascination with Black culture has yet to translate into investment into Black enterprise. He also talked about his Revolt network, the #MeToo movement, his next move, + more
Peep excerpts from the interview below….
Combs on hip-hop’s commercial dominance, especially through streaming: “You have these record companies that are making so much money off our culture, our art form, but they’re not investing or even believing in us,” .
On the industry lacking black executives in top-level positions: “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.”
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