…or is it actually 100? In any case, Tidal, the music-streaming site slash charity for millionaire musicians owned by Jay Z, is out of a CEO. About 25 employees, including CEO Andy Chen, have reportedly left the company this week.
Jay Z bought the streaming service in March and gathered some of the richest musicians of our time on stage to sing Tidal’s praises. It’s better quality! (If you can hear the difference.) It pays musicians better! (Is that really keeping Taylor Swift down?)
Changes are evidently coming to Tidal, which may be a good thing because at least one Gawker Media employee (guess who) thinks it sucks. Tidal explained the departures in this statement to Business Insider:
TIDAL’s new interum [sic] CEO is Peter Tonstad — a former CEO of parent company Aspiro Group. He has a better understanding of the industry and a clear vision for how the company is looking to change the status quo. He’s streamlining resources to ensure talent is maximized to enhance the customer experience. We’ve eliminated a handful of positions and refocused our company-wide talent to address departments that need support and cut redundancies. TIDAL’s offices globally will remain and grow: we are already hirinig for several new positions now. We’re excited about our future and what’s in-store for fans who want the best listening experience.