Jay Z's Tidal Names Third CEO in Less Than a Year
FUSE TV - Jay Z's Tidal Names Third CEO in Less Than a Year
It’s been seven months since Jay Z brought out all the stars ever, including Rihanna, Madonna, Coldplay, Beyoncé, Kanye and Jack White, to announce the U.S. launch of Tidal, the Swedish streaming service he purchased for $56 million in January. Fuse closely tracked Tidal’s progress for a good while before big stories tapered off, although Jay celebrated 1 million subscribers in October with a massively starry concert at Brooklyn’s Barclays Center.
Not all’s great, though. Tidal has just hired a new CEO, its third since March. Jeff Toig, former chief business officer at SoundCloud, will start heading the company in January 2016. “Jay Z’s team dismissed Aspiro [the original Tidal parent company]’s CEO, Andy Chen, in April shortly after the relaunch, appointing another Aspiro executive, Peter Tonstad, to serve as chief on an interim basis,” reports the Wall Street Journal. “Mr. Tonstad left the company in June.”
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