Combs on Wednesday wrote that he believes media is the “most powerful industry in the world but it’s the industry where we have the least amount of ownership, influence and control.”
“It’s time for @BET to be Black-owned again so we have the power to tell our own stories, control our own narrative! This is not about me it’s about WE!!!!,” Combs wrote.
He continued: “I’m building a team of leaders in the culture to pursue ownership in @BET together! We have to unify our power and resources to create real change! #THETIMEISNOW.”
Media moguls Tyler Perry and Byron Allen also reportedly have expressed interest in a stake of Paramount Global’s BET Media Group – which includes BET, BET+, VH1 and BET Studios. Perry is already a minority stakeholder in BET+, a streaming service that launched in 2019.
Combs posted the caption alongside a clip from the “Earn Your Leisure” podcast promoting the idea of Black ownership of BET.
Combs, who was honored with the BET Lifetime Achievement Award last year, founded record label Bad Boy Records and fashion company Sean John.
HuffPost couldn’t immediately reach Paramount Global or Combs for additional comment.