CEO of Jay Z's Tidal quits after just 2 months | Welcome to Linda Ikeji's Blog

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Wednesday 24 June 2015

CEO of Jay Z's Tidal quits after just 2 months

More hard times for Tidal, as its latest CEO, Peter Tonstad, has left the company just after 2 months on the job.

The high-definition music streaming site was purchased for $56 million back in March by hip-hop business mogul Jay Z and it became a private company. It has had its ups and downs but it's still going on strong, well except for the CEO leaving the company.
Peter Tonstad, was a former CEO of Tidal's parent company Aspiro Group, as interim chief executive before he became the CEO of Tidal on April 17th 2015. He didn't tell the public why he resigned, he just did.
Tidal released this statement:
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.”
It remains to be seen whether a replacement is waiting in the wings with an even better understanding of the industry, but the news caps a tumultuous period for Tidal, after its starry relaunch press conference was widely seen as a misfire.

Source: CBS News

21 comments:

Angel said...

You doing a good job...but please go to bed woman!

Unknown said...

Someone better is arnd d corner..good ridance.

Unknown said...

Someone better is arnd d corner..good ridance.

NaijaDeltaBabe said...

And another man will do d job

Anonymous said...

Firing off my resume to the big cheese, Jay-Z

Unknown said...

That's too bad

ary said...

trouble in paradise! This is turning out to be one hectic investment for Jay

Unknown said...

Illuminati company..their diamond logo says it all.

Adetunji Saka said...

Make dem employ another person nw, wetin cm b d big deal. Mteew!

"Soldier go, soldier cm, barack go stand gidigba"

Anonymous said...

From the desk of the President , Anonymous From the desk of the President , Anonymous association of LIB( ASOLIB)!!!!

Something is fishy here! The more reason

LIB watchdog will investigate this

Unknown said...

Double wahala 4 sick body.

Anonymous said...

Ok

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Anonymous said...

Jayz better call on Damon dash to be the ceo

Unknown said...

I wish him well, and all d best thereof. There is nothing lik change in life. He surely needs it.

Unknown said...

Aya poor jay z

I B M bolubantin said...

Eeeeya....so sad

Unknown said...

Another will definitely replace

Juleslouis said...

Rome wasn't built in a day so, baby steps! Except rivals r playing a game here.

Unknown said...

I wonder what is happening with Tidal. Linda take note!





Okiie, notice to all LIBERs. Didn't want to do dis before but I gex I just have to do it as a disclaimer. One idiot on dis blog stole my identity, my name & signage. So please any negative comments on dis blog is not coming from me but from the thief cos I would neva say anything bad about someone or wish anyone evil. So I have gone back to using my old pix. Linda take note!

Unknown said...

Sorry jay

Anonymous said...

Never mind such people they will regret their asses tomorrow when things pick...d beginning is usually always slow.

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