APFILE - Sean "Diddy" Combs arrives at the LA Premiere of "The Four: Battle For Stardom" at the CBS Radford Studio Center, May 30, 2018, in Los Angeles. (Photo by Willy Sanjuan/Invision/AP, File) Sean ‘Diddy’ Combs, the well-known music producer and entrepreneur, was acquitted of federal racketeering and sex trafficking charges. However, he was convicted of prostitution offenses. These legal outcomes have impacted his business interests and public image. Combs now awaits sentencing while many of his ventures face uncertainty or decline.Conviction and Charges OutcomeA federal court cleared Combs of racketeering conspiracy and sex trafficking charges. He was found guilty of prostitution offenses. The charges stemmed from allegations of transporting individuals across state lines for paid sexual activity. Prosecutors said this violated the federal Mann Act. Combs remains in custody awaiting sentencing. His bail request has also been denied.Impact on Business VenturesBefore his arrest, Combs began stepping back from his ventures. He left Revolt TV, a network he helped launch in 2013. The channel focused on hip-hop, R&B, and social issues. His planned Hulu reality series was cancelled. Sean John, his fashion brand, disappeared from Macy’s. These were early signs of his business empire unraveling.Fallout After Assault VideoA video from 2016 showed Combs assaulting singer Cassie, his former girlfriend. After it surfaced, multiple institutions took action. New York City revoked his ceremonial key. Peloton removed his music from its platform. Howard University took back his honorary degree. His Harlem charter school also ended its connection with him.Loss of Liquor Business StakesIn a 2023 legal settlement, Combs ended a dispute with spirits company Diageo. As a result, Diageo gained full ownership of the Ciroc and DeLeón brands. These were previously linked to Combs’ business portfolio. Though he exited the alcohol business, he retained rights to his music catalog — for now.Live EventsAlso Read: Diddy Trial Verdict: Will Sean get released from jail? Music mogul found guilty of these charges and will face…Current Status of Bad Boy RecordsBad Boy Records, the label Combs founded, continues to operate but faces challenges. In 2023, Combs released “The Love Album: Off the Grid,” his first solo album in nearly 20 years. It and Janelle Monáe’s album, released under Bad Boy, received Grammy nominations. No new major releases have been announced since.Public Support from FamilyKing Combs, Sean Combs’ son, released a surprise EP with Ye (formerly Kanye West). The project, titled “Never Stop,” was released under Goodfellas Entertainment. The release appeared to show support for Combs amid ongoing legal issues.Previous Music Contributions and ShowsBad Boy Records backed artists like The Notorious B.I.G., Ma$e, and 112. The label remained active through 2022 and supported Machine Gun Kelly’s “Mainstream Sellout.” Combs was also involved in MTV shows like “Making the Band,” which helped launch acts like Danity Kane and Day 26.Also Read: Diddy Trial: When is Sean Combs sentencing and how much time has he served in jail? Here’s all about his bail moneyRisk to Combs’ WealthMultiple lawsuits have been filed against Combs, including one settled with Cassie for $20 million. Many cases remain open. Prosecutors have said they might ask the court to seize Combs’ assets if used in illegal acts. It is unclear what the final decision on asset forfeiture will be.Streaming Music PerformanceCombs' music remains on platforms like Spotify, Apple Music and Amazon Music. From April to May 2025, his US streaming numbers rose 20%, tied to moments in the trial. In June, streams dropped slightly by 5 to 10%. Despite visibility, revenue from streaming remains low for most artists.Sean John and Empower Global DeclineSean John, his fashion label launched in 1998, has gone quiet. It is no longer available at major stores like Macy’s. Empower Global, his online marketplace for Black-owned brands, launched in 2023. It started with 70 brands but saw several leave due to weak performance and Combs’ legal troubles.FAQsWill Diddy face asset seizure after his conviction?It is unclear. Prosecutors may seek asset forfeiture, but the court has not confirmed whether this will be part of his sentence.Is Diddy's music still available to stream online?Yes. His catalog is on Spotify, Apple Music, and Amazon. No major streaming platform has removed or restricted access to his music.(You can now subscribe to our Economic Times WhatsApp channel) Read More News ondiddy business empiresean diddy combsdiddy trial verdictdiddy convicteddiddy prostitution chargesbad boy recordsrevolt tvdiddy music streamingdiddy asset seizurediddy sentencing (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News ondiddy business empiresean diddy combsdiddy trial verdictdiddy convicteddiddy prostitution chargesbad boy recordsrevolt tvdiddy music streamingdiddy asset seizurediddy sentencing(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) 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