Streaming Music Service Tidal Loses its CEO, Again

Jay Z’s streaming music service Tidal just lost another CEO. Peter Tonstad, who began his stint as Tidal’s chief executive in April, has left the company.

News of Tonstad’s resignation was first reported by Northern European news outlets. The company has since confirmed these reports, describing his role as the company as interim CEO and saying that it will be “transitioning to a permanent CEO as part of our strategic plan to create a leading platform.”

Tidal initially only operated in Northern Europe, and got acquired by Jay Z earlier this year. It launched internationally in March with the support of many big names in the music business, including musicians like Beyonce, Kanye West, Nick Minaj, Madonna, Rihanna and Usher.

However, the star-studded launch was overshadowed by reports of layoffs and the departure of its previous CEO Andy Chen. Tidal’s chief investment officer Vania Schlogel tried to downplay these issues at Variety‘s Entertainment and Technology Summit in April, where she expressed confidence in Peter Tonstad: “We are excited to be working with Peter…he knows the ins and outs,” she said at the time.

More Digital

  • Dwayne Johnson President

    Alibaba's Youku Signs Deals With NBCUniversal, Sony Television

    Jay Z’s streaming music service Tidal just lost another CEO. Peter Tonstad, who began his stint as Tidal’s chief executive in April, has left the company. News of Tonstad’s resignation was first reported by Northern European news outlets. The company has since confirmed these reports, describing his role as the company as interim CEO and saying that it will […]

  • Andrea Russett

    YouTube Star Andrea Russett Signs TV, Film Development Deal With Fullscreen

    Jay Z’s streaming music service Tidal just lost another CEO. Peter Tonstad, who began his stint as Tidal’s chief executive in April, has left the company. News of Tonstad’s resignation was first reported by Northern European news outlets. The company has since confirmed these reports, describing his role as the company as interim CEO and saying that it will […]

  • Redbox On Demand - Roku

    Redbox Launches Digital Movie and TV Service, Without Disney Titles

    Jay Z’s streaming music service Tidal just lost another CEO. Peter Tonstad, who began his stint as Tidal’s chief executive in April, has left the company. News of Tonstad’s resignation was first reported by Northern European news outlets. The company has since confirmed these reports, describing his role as the company as interim CEO and saying that it will […]

  • apple_amf_finisar_gear_20171214

    Apple Invests $390 Million in iPhone X Chips From Finisair

    Jay Z’s streaming music service Tidal just lost another CEO. Peter Tonstad, who began his stint as Tidal’s chief executive in April, has left the company. News of Tonstad’s resignation was first reported by Northern European news outlets. The company has since confirmed these reports, describing his role as the company as interim CEO and saying that it will […]

  • T-Mobile and Layer3 TV

    T-Mobile Jumps Into Internet TV Arena With Layer3 TV Acquisition

    Jay Z’s streaming music service Tidal just lost another CEO. Peter Tonstad, who began his stint as Tidal’s chief executive in April, has left the company. News of Tonstad’s resignation was first reported by Northern European news outlets. The company has since confirmed these reports, describing his role as the company as interim CEO and saying that it will […]

  • Mediapro, IMG, Film45 Producing Amazon Manchester

    Mediapro, IMG, Film45 Producing Amazon Prime Video Manchester City Series

    Jay Z’s streaming music service Tidal just lost another CEO. Peter Tonstad, who began his stint as Tidal’s chief executive in April, has left the company. News of Tonstad’s resignation was first reported by Northern European news outlets. The company has since confirmed these reports, describing his role as the company as interim CEO and saying that it will […]

  • Dreamscape_Logo

    Dreamscape Immersive Partners With Nickelodeon for Location-Based VR Experience

    Jay Z’s streaming music service Tidal just lost another CEO. Peter Tonstad, who began his stint as Tidal’s chief executive in April, has left the company. News of Tonstad’s resignation was first reported by Northern European news outlets. The company has since confirmed these reports, describing his role as the company as interim CEO and saying that it will […]

More From Our Brands

Access exclusive content