Diddy has announced that he is launching a new music-themed cable network called REVOLT. On Tuesday (February 21st), Diddy issued a video announcement, saying,
"I first like to say thank you to Comcast, Comcast Diversity Council, and NBC for recognizing the importance of minority ownership of cable television. I grew up watching BET, MTV, HBO, and NBC and I had a dream that one day I would get a chance, an opportunity to show my perspective coming from a musical standpoint."

The network selected by Comcast is set to be the "first music network to truly leverage the power of social media."

In other news, Earvin "Magic" Johnson and Tyler Perry also announced that they are starting their own networks. Magic Johnson -- in partnership with GMC TV is launching his own network called Aspire. Tyler Perry also confirmed that he is launching a network -- and contemplating calling it TylerVision or Tyler TV.