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

  • google logo

    After EU Fines Google Over Android, Alphabet Will Take $5.07 Billion Charge in Q2

    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 […]

  • Netflix Reed Hastings

    Netflix CEO Reed Hastings to Pen Business Book About Streaming Company

    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 […]

  • VideoAmp - ross mccray

    VideoAmp Acquires TV-Data Startup IronGrid, Sets Inscape Partnership

    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 […]

  • Greg Nicotero Yvette Nicole Brown Walking

    AMC's Shudder Greenlights 'Creepshow' Series with Greg Nicotero Attached

    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 […]

  • Chris Rock - Netflix

    Netflix to Launch Comedy Radio Channel on SiriusXM

    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 […]

  • Amazon Fire TV Stick Basic Edition

    Amazon Prime Day: More Than 100 Million Products Sold Over 36 Hours

    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 […]

  • Google CEO: EU Decision Could 'Upset'

    Google CEO: EU Decision Could 'Upset' Android's Free Business Model

    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