×

Tidal Gets (Another) New CEO in Former Kobalt Exec Richard Sanders

Former Kobalt Music Group president Richard Sanders is the new CEO of Tidal, the Jay-Z-owned music streaming service launched in 2015, sources confirm to Variety.

He is the fourth person to take the CEO title at Tidal in just over two years.

Jeff Toig left the company in March after a year and following a short-lived stint at Soundcloud, another embattled digital music service. Sanders left Kobalt in May, after five years at the company. Prior to that, he was president of global marketing for Sony Music and had also held executive posts at labels RCA and Arista Records.

In January, mobile phone service operator Sprint acquired a 33% stake in Tidal in January worth a reported $200 million.

Sprint CEO Marcelo Claure joined Tidal’s board as part of the acquisition, and a source close to the company told Variety that Claure, as well as Jay-Z and longtime confidant Desiree Perez, have been closely involved in the management of Tidal during the leadership transition.

Tidal has seen its share of troubles recently, including allegations by Kanye West that he is owed money from the company for marketing efforts, including video production, as well as a bonus for subscriber thresholds met as was agreed upon ahead of the release of West’s February 2016 album, “The Life of Pablo.” (The service saw a reported 1.5 million-subscriber bump in the wake of the “Pablo” release.)

More recently, Jay-Z’s own album, “4:44,” stirred controversy of its own both for its lyrical content and the fact that the rapper was photographed with a plaque certifying that the album had gone “platinum,” which was taken before it was released.

 

More Digital

  • Google Stadia is a Net Neutrality

    Google Stadia is a Net Neutrality Nightmare

    At the Game Developers Conference (GDC) this year, Google announced that it has taken up the long and ever-lengthening dream of the video game streaming service. Meant to replace the hefty, pricey, altogether confounding experience of buying and using various gaming hardware, Google Stadia will run video games on Google’s own hardware in a server [...]

  • crunchyroll logo

    Crunchyroll Raises Subscription Price to $7.99

    AT&T-owned anime subscription video service Crunchyroll is raising its monthly subscription price from $6.95 to $7.99 a month, it announced in an email to members Friday. It’s the service’s first price increase ever, according to a spokesperson. The new pricing will go into effect on May 1 for new subscribers, while existing members will see [...]

  • StyleHaul

    StyleHaul Shuts Down U.S. Operations, Lays Off About 65 Employees

    The axe is falling on StyleHaul: The fashion, beauty and lifestyle digital media and marketing company owned by RTL Group is shuttering U.S. operations, resulting the layoff of around 65 employees. StyleHaul offices in L.A., with about 55 employees, and in New York City, with around 10 staffers, are closing. RTL said StyleHaul’s U.K. operations, [...]

  • Bandsintown Platform Acquires Hypebot, MusicThinkTank

    Bandsintown Platform Acquires Hypebot, MusicThinkTank

    Bandsintown, a leading platform for letting music fans know about upcoming concerts by their favorite artists, has acquired Hypebot, a news site publishing stories about the music industry and technology, and its sister site MusicThinkTank. “I’m proud to share that Hypebot and MusicThinkTank have been acquired by Bandsintown,” wrote Bruce Houghton, the founder of the [...]

  • Star-Wars-The-Clone-Wars

    Netflix Will Lose Disney's 'Star Wars: The Clone Wars,' James Bond Movies in April 2019

    More Disney content is about to roll off Netflix: The 2008 “Star Wars: The Clone Wars” animated movie as well as six seasons of the subsequent “Clone Wars” series are among the titles set to leave the streaming service next month. According to Netflix, the original Lucasfilm movie along with “Star Wars: The Clone Wars” [...]

  • Vertigo Games Believes ‘Location-Based Virtual Reality’

    Vertigo Games Believes ‘Location-Based Virtual Reality’ Is Future of VR

    As virtual reality becomes more and more available, many developers are looking for new frontiers to expand the experiences offered by the tech. For Netherlands-based Vertigo Games, that next frontier is what they call “location-based virtual reality.” It’s essentially high-quality VR experiences where players aren’t tethered to a PC or even to the confines of [...]

  • GDC 2019: Google's Play For Gaming

    GDC 2019: Google's Play for Gaming Ubiquity, Rise of Ray Tracing, Store Wars

    The Game Developers Conference finished up Friday evening, wrapping one of the most exciting GDCs in recent memory with Google’s splashy entrance into AAA video gaming, the emergence of real-time ray tracing as a compelling technology for film, TV, and games, and the growing war between two global estore powerhouses: Valve’s Steam and the Epic [...]

More From Our Brands

Access exclusive content