JAY Z’s music streaming site TIDAL is still afloat in recent news as CEO Andy Chen leaves and steps down from his title with Aspiro Group, the company that JAY Z recently acquired for TIDAL and WiMP. In light of the abrupt changes, former Aspiro CEO Peter Tonstad will temporarily be stepping in interim until the company finds a permanent replacement. The official statement reports:
TIDAL’s new interum [sic] CEO is Peter Tonstad – a former CEO of parent company Aspiro Group. He has a better understanding of the industry and a clear vision for how the company is looking to change the status quo. He’s streamlining resources to ensure talent is maximized to enhance the customer experience. We’ve eliminated a handful of positions and refocused our company-wide talent to address departments that need support and cut redundancies. TIDAL’s offices globally will remain and grow: we are already hirinig for several new positions now. We’re excited about our future and what’s in-store for fans who want the best listening experience.