Author Topic: Jay Z's TIDAL Fires Two Executives  (Read 56 times)

CORREA

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Jay Z's TIDAL Fires Two Executives
« on: March 01, 2016, 05:26:37 PM »
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.