Tidal Loses CEO

QuadraphonicQuad

Help Support QuadraphonicQuad:

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

bmoura

2K Club - QQ Super Nova
Since 2002/2003
Joined
Mar 2, 2003
Messages
9,518
Location
Redwood City, CA
Billboard Magazine reports today that Tidal has lost their CEO.
A replacement will be named soon.

"The nature of Toig's departure remains unclear, but a source with knowledge of the situation indicated that he actually exited in March. (His LinkedIn profile has not be updated to reflect the career change, however.)

Jay Z bought the Swedish technology company Aspiro and its WiMP streaming service, renamed Tidal, in early 2015 for $56 million. A splashy launch, featuring star power from the likes of Beyonce, Kanye West, Daft Punk and Nicki Minaj, followed soon after.

Since then, the company has struggled to attract-and-retain paid subscribers during a period in which streaming now accounts for more than half of music industry revenues. At last unofficial count, the service had an estimated one million paid users, far behind leaders Spotify and Apple Music (50 million and 20 million, respectively)."

http://www.billboard.com/articles/b...ceo-jeff-toig-departure-jeffrey-new-executive
 
Back
Top