Watch live: Bail hearing held for music mogul Sean "Diddy" Combs

Sean "Diddy" Combs is set to appear in court for a bail hearing to determine if he remains in jail until trial. The music mogul was already denied bail Tuesday after pleading not guilty to sex trafficking, racketeering and transportation to engage in prostitution charges. Following Combs' arraignment hearing, U.S. Magistrate Judge Robyn Tarnofsky ruled he must remain in custody as he awaits trial. In a letter filed to Judge Andrew L. Carter on Wednesday, Combs' lawyers proposed an amended bail package of $50 million. If accepted, the bond would be secured with the equity of Combs' Miami home, which he paid off the mortgage for in anticipation of his bail hearing, and his mother's Miami residence.