The chief executive position at Tidal continues to be a revolving door. The streaming service’s former CEO, Jeff Toig, has left his post, making him the third person to leave that role over the past two years.
Toig, who came to Tidal from Soundcloud, arrived at the streaming service owned by rapper and mogul Jay Z in December 2015. At that point, Toig served as the replacement for Peter Tonstad, who himself had been an interim hire after Andy Chen stepped down as Tidal’s CEO in April 2015.
"As part of Tidal’s continued expansion this year we will be announcing a new CEO in the coming weeks,” reads a statement from the company. “We wish former CEO, Jeffrey Toig, all the best in his future endeavors.”
Whoever takes over Tidal’s top role will have to figure out the role video plays in the company’s future. Like competitors Spotify and Apple Music,...
Toig, who came to Tidal from Soundcloud, arrived at the streaming service owned by rapper and mogul Jay Z in December 2015. At that point, Toig served as the replacement for Peter Tonstad, who himself had been an interim hire after Andy Chen stepped down as Tidal’s CEO in April 2015.
"As part of Tidal’s continued expansion this year we will be announcing a new CEO in the coming weeks,” reads a statement from the company. “We wish former CEO, Jeffrey Toig, all the best in his future endeavors.”
Whoever takes over Tidal’s top role will have to figure out the role video plays in the company’s future. Like competitors Spotify and Apple Music,...
- 5/26/2017
- by Sam Gutelle
- Tubefilter.com
Tidal has finally found a new CEO, its third in less than a year, following the departure of Andy Chen and interim CEO Peter Tonstad. Former SoundCloud exec Jeff Toig will step into the role come January 4, assuaging frequent rumors that Jay Z is looking to sell the company or merge with another streaming service.The hiring will bring some much-needed stability to Tidal at a crucial moment. Last month, YouTube launched a music app. Pandora acquired Rdio and is expected to launch a new streaming service shortly. Meanwhile, Spotify’s freemium option continues to entice users, and Apple Music has been dominating the exclusive-world-premiere market with Beats 1. In an interview with Billboard, Toig says Tidal’s 1 million subscribers, exclusive videos and concerts, and Jay Z’s vision for the company were reasons enough for him to believe Tidal isn’t the beached whale it looks like these days in...
- 12/2/2015
- by Lauretta Charlton
- Vulture
Barely two months after naming him CEO, Tidal said goodbye to Peter Tonstad on Tuesday. Reasons for his departure were not disclosed. The one-time head of Aspiro, the Swedish streaming music service acquired by Jay Z before its rebranding as Tidal, replaced Andy Chen in April as interim chief. “We are thankful to Peter for stepping in as interim CEO and wish him the best for the future,” the company said in a statement to TheWrap. Also Read: Can Jay Z's Tidal Survive the Apple Music Onslaught? The news comes on the same day the company announced two new...
- 6/23/2015
- by Jordan Burchette
- The Wrap
Jay Z sounded just a tad defensive Sunday, tweeting up a 39-minute storm of support for his recently re-launched music streaming app Tidal. The service is already struggling and its problems are many. Tidal CEO Andy Chen left the company earlier this month, it’s undergone layoffs and hardly anyone is using it. After rising to No. 19 on the list of hottest iPhone app downloads after Jay Z took over last month, Tidal has seen a steep drop while more established rival services like Pandora, Spotify and Apple’s Beats Music are surging. On top of that, one of Jay Z’s original supporters,...
- 4/26/2015
- by Todd Cunningham and Anita Bennett
- The Wrap
Rapper Jay Z and singer Jack White are personally calling users of the Tidal music streaming service amid CEO Andy Chen’s departure and layoffs at the company. In a move to seemingly boost customer confidence, both musicians have been making calls to fans in recent days. One user who got a call was quoted as saying, “This is the best customer service call I’ve ever received!” The company said Peter Tonstad, the former CEO of Tidal parent company Aspiro Group, will serve interim CEO until a permanent replacement for Chen can be found. Also Read: Madonna, Beyonce, Rihanna,...
- 4/18/2015
- by Joe Otterson
- The Wrap
A day after Andy Chen, the CEO of Tidal’s parent group Aspiro, stepped down amid controversy, rapper/entrepreneur/Beyoncé’s husband, Jay Z, received some good news: He now officially owns the masters to The Life and Times of S. Carter and The Dynasty. According to TMZ, Jay Z won a court case dating back to 2014, when sound engineer Chauncey Mahan claimed ownership of the album and hid the master recordings in a storage unit. The cops seized the tapes, but Mahan took his case to court. The judge shut him down, and Jay Z now owns the albums, which include tracks “Big Pimpin’” and “I Just Wanna Love U.”...
- 4/18/2015
- by Greg Cwik
- Vulture
Andy Chen, the CEO of Tidal’s parent group Aspiro, acquired by Jay Z in February, is being replaced. The interim successor is former CEO Peter Tonstad, who has been with the company since 2010. In a statement, Tonstad says: I believe in Tidal and what the team is doing to affect the change the music industry needs. We're streamlining the company and refocusing our resources to ensure the platform continues to grow, and listeners can make a connection to their favorite artists. No one else is doing this. At the moment, very few people share his faith. Artists including Mumford & Sons, Steve Albini, and Ben Gibbard have all been publicly critical of Tidal and its high-profile shareholders' plea for $20 a month for "lossless sound." It's the steepest price on the streaming market, and when the wealthiest pop stars in the world ask fans to pay more money for something that,...
- 4/17/2015
- by Lauretta Charlton
- Vulture
The average listener probably doesn’t know when he or she hears high-fidelity music. Tidal, the latest and most expensive streaming service to enter the market, isn’t for the average listener. The company plans to appeal to audiophiles and others by offering lossless, 1,411 kbps, 44.1kHz/16-bit sound, curated editorial features and interviews, commercial-free music videos, a sleek design, and a stamp of approval provided by none other than Jay Z. The problem is, at $19.99 a month, competing against the more well-worn services like Spotify and Rdio, which cost half as much, is going to be difficult.CEO Andy Chen is unfazed. "This service is not for everybody," he told The Verge. "Spotify is for everybody. You don't even need to pay! But for quality, you have to pay." Spotify’s sound quality isn’t the best (320 kbps for some users), but the company had over 40 million active users as...
- 3/25/2015
- by Lauretta Charlton
- Vulture
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