Sean Combs, the hip-hop mogul who has been facing mounting legal scrutiny over allegations of sexual and physical abuse, has sold his majority stake in Revolt, the media company that he founded, the organization announced Tuesday.

The largest shareholder group at Revolt, a private company, is now made up of employees, its chief executive, Detavio Samuels, said in an interview ahead of the announcement.

Now known best for popular video podcasts such as “Drink Champs,” “The Jason Lee Show” and “Caresha Please,” Revolt was started by Mr. Combs more than a decade ago as a music industry-focused cable channel meant to boost Black representation on television.

In January, after a wave of lawsuits were filed against Mr. Combs, he agreed to start the process of separation from Revolt, Mr. Samuels said.

Mr. Combs’s business empire has shrunk significantly since November, when Casandra Ventura — his former girlfriend, who performs music as Cassie — filed a lawsuit accusing him of years of physical and sexual abuse. The suit was settled in a day, but five more followed from women who accused Mr. Combs of sexual assault.

Mr. Combs, 54, who is also known as Puff and Diddy, said last year that the lawsuits contained “sickening allegations” from “individuals looking for a quick payday.”