One of these days I might be able to look at the most recent news and actually see something positive about Tidal, but that day is not today. Jay Z’s music streaming service has been plagued with bad publicity and criticism since it was launched, and deservedly so, which is probably why the company can’t seem to keep its executives. Andy Chen, who held the position of CEO for a mere three months, has left the company, which makes him the second CEO to do so this year.
Jay Z’s troubled music streaming service Tidal—positioned as a rival to Spotify and now Apple Music—just dismissed its interim CEO after less than three months on the job. This is the second time in six months that Tidal has given a CEO the boot. Peter Tonstad stepped into the role when former CEO Andy Chen departed back in April. In a statement to Music Ally, Tidal said that it is now on the hunt for a more permanent replacement: “We can confirm interim CEO Peter Tonstad is no longer with the company. We are thankful to Peter for stepping in as interim CEO and wish him the best for the future. Tidal will be transitioning to a permanent CEO as part of our strategic plan to create a leading platform, and current executives in New York and Oslo will continue to lead our rapidly developing innovation and content initiatives until our new CEO is in place.”