Sean “Diddy” Combs has had enough of the culture vultures.
The media mogul is commander-in-chief over several business ventures, but unfortunately, there aren’t too many other faces that look like his at the top. That’s why when the Bad Boy sat down with Variety, he went in about the music and film industry’s love of Black culture but not Black CEOs.
“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.”
And, when Black folks do get their foot in the door, they are often held to low-level or intermediate position…
“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. 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 goes on to even shade the film industry over the success of Black Panther.
“‘Black Panther’ was a cruel experiment, because 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.”
So what’s his solution? Being the change he wants to see. He’s already placed a Black woman, Dia Simms, in position to run Combs Enterprise; He aims to change the culture with his on cable network Revolt; And he’s trying to shake up the music industry with his show The Four. But he still wants others to do their part as well — financially!
“We only get 5% of the venture capital invested in things that are black owned — black-owned businesses, black-owned ideas, black-owned IP. You can’t do anything without that money, without resources. But when we do get the resources, we over-deliver. When Adidas invests in Kanye and it’s done properly, you have the right results. 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.”