Diddy's Revolt media company recently laid off 1/3 of its staff.
On the bright side, they've gained Joe Budden.
The rapper turned media personality had been linked to Revolt ever since he left Complex and Everyday Struggle late last year.
Today, Puff made it official and hired Budden. He will create, produce and host a show for Revolt called State of The Culture. It will premiere this summer.
“Finally, Joe Budden is officially part of the REVOLT family,” Diddy said in a statement to Billboard. “Joe has an authentic approach and he’s never afraid to speak the truth. His many talents deserve a platform that pushes the culture forward and we are excited to produce next-level content with him.”
Budden told Billboard he's happy to be there.
“It was important to partner with a company that recognizes the growing need for our voices and ideas to stream freely without interruption. That was a much prettier way to say, we bout to be with the shits,” Joe Budden tells Billboard. “Thank you to my business partner Ian Schwartzman and REVOLT for the opportunity to highlight my brutal honesty, passion and integrity. I love REVOLTING!! Together, we will continue to take this thing to heights unseen.”
When Diddy and Budden were first linked, the figure of $5 million was thrown around. The financial terms of the final agreement haven't been disclosed, but it's unlikely Budden is getting that kind of money in light of Revolt's layoffs.