Jay Z’s TIDAL has fired two executives, CFO Chris Hart and COO Nils Juell, Billboard reports.
The streaming service released a statement about their termination, explaining that the company is transitioning offices from Oslo, Norway to New York.
“As Tidal has grown into a global operation serving 46 countries we have moved our accounting and operations team to New York while our technology team and key support staff remain in Oslo.”
TIDAL went through three CEOs last year. The position is currently held by Jeff Toig.
The streaming service is facing a $5 million lawsuit from an independent artist.
There are also reports that Samsung is in talks to purchase the company.
TIDAL is co-owned by multiple musicians including Jay Z, Beyonce and, most recently, TIP. It premiered the streams of Rihanna’s ANTI and Lil Wayne’s Free Weezy Album. Kanye West’s The Life of Pablo is available exclusively through the service.
For additional TIDAL coverage, watch the following DX Daily:
Jay Z is dumbass. Your streaming service is complete shit.
Fuck are you talking about?? Do you have a music streaming subscription? How would you know it’s trash. I’ve had all three services and have dumped iTunes service and kept Rhapsoday and Tidal. Tidal is the best service for its content and live shows, user interface is only a year old but still nice! Ya’ll fucking haters on subjects you know nothing about. Dweebs hahahaha
See you lame ass Nas Stans just don’t understand how business works. Every “successful” business goes through CEOs, CFOs and COOs like nothing. Every successful business moves its core experienced operations team from more expensive jurisdictions (Olso) to hire a buncha of rookies in NYC to closer to be HOV. HOV is just making all the big business moves for his successful run streaming service, that is and will continue to be a success. Nas will still be broke because he could never be the businessman that HOV is.
“You Taebo hoe!”
lol why are you talking about NAS
Is this dame diddy, dame daddy, or dame dummy?
Everything you just mentioned is pretty much a textbook example of a business that is about fail.
all streaming services are garbage….period.