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Diddy Wins His First Oscar & Announces New T.V Network! (VIDEO)

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You can now add Diddy to the short list of rappers that have been able to snag an Oscar.

Diddy is the third hip-hop artist to win an Academy Award, following in the footsteps of Eminem and Three 6 Mafia. The music mogul won the Best Documentary Academy Award for his role as executive producer on the film “Undefeated.”

It's another busy year for Diddy as he is also in the processing of launching his REVOLT network which will be distributed by Comcast. The music network will place a special emphasis on social media involvement and will feature music videos, live performances, interviews and is set to launch in 2013.

Diddy says he's

"honored by the opportunity to be part of this effort to bring diverse programming to the masses. Marked by this partnership with Comcast, my hope is that this new network will spark a revolution in entertainment and encourage other media and communications companies to bring REVOLT to their audiences.”
Comcast has also announced that more minority-owned networks will be backed by celebrities like basketball legend Magic Johnson and director Robert Rodriguez.

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