December 2, 2015


Jay Z's Tidal Names Third CEO in Less Than a Year

Theo Wargo/Getty Images for TIDAL
Theo Wargo/Getty Images for TIDAL

It’s been seven months since Jay Z brought out all the stars ever, including RihannaMadonnaColdplayBeyoncéKanye and Jack White, to announce the U.S. launch of Tidal, the Swedish streaming service he purchased for $56 million in January. Fuse closely tracked Tidal’s progress for a good while before big stories tapered off, although Jay celebrated 1 million subscribers in October with a massively starry concert at Brooklyn’s Barclays Center.

Not all’s great, though. Tidal has just hired a new CEO, its third since March. Jeff Toig, former chief business officer at SoundCloud, will start heading the company in January 2016. “Jay Z’s team dismissed Aspiro [the original Tidal parent company]’s CEO, Andy Chen, in April shortly after the relaunch, appointing another Aspiro executive, Peter Tonstad, to serve as chief on an interim basis,” reports the Wall Street Journal. “Mr. Tonstad left the company in June.”

The Tidal X: 10/20 concert in Brooklyn included Lil WayneUsherNasNick JonasRick RossDamian MarleyPusha TTravi$ Scott and Alessia Cara, as well as Queen Bey and Nicki Minaj debuting their duet “Feeling Myself” live

So we're guessing that, regardless of the CEO switcheroos, Jay Z's still chill about everything.