×
You will be redirected back to your article in seconds

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

  • Instagram Logo

    Netflix Lets iOS Users Share Movies, Shows to Instagram Stories

    Netflix is tapping into Instagram Stories for some word-of-mouth promotion: The streaming video service rolled out a new Instagram integration Tuesday that allows iOS users to share their favorite movies and TV shows via Stories. To do so, users simply select the title of their choice within the Netflix iOS app, and then share it [...]

  • Brian Lockhart - ESPN+

    ESPN Hires NFL Media's Brian Lockhart to Head ESPN+ Original Content

    ESPN recruited Brian Lockhart, who has spent more than a decade at NFL Media, as executive producer of original content for the ESPN+ subscription-streaming service. Lockhart will oversee strategy and development for all ESPN+ original programming initiatives, including new projects as well as existing shows such as “Detail,” “More Than an Athlete,” “The Board Room,” [...]

  • The Netflix logo is displayed at

    Netflix in Advanced Talks to Join Motion Picture Association of America

    WASHINGTON — Netflix is in advanced talks to join the Motion Picture Association of America, a move that would reflect its evolution as a major player in the movie business. The MPAA currently has six major studios as members, each paying annual dues between $15 million to $20 million per year. But it faces the [...]

  • The Expanse

    Amazon Launching 'The Expanse' Seasons 1-3 Worldwide Ahead of Season 4 Premiere

    Amazon has acquired worldwide subscription-streaming rights to the first three seasons of “The Expanse,” the space thriller that originally aired on Syfy, leading up to Prime Video’s debut of season 4 later in 2019. Seasons 1-2 of “The Expanse” are currently available in the U.S. on Prime Video. All three seasons, comprising 36 episodes in [...]

  • Beta Sells Alex Pina’s Movistar +

    Beta Film Rolls Out Alex Pina, Esther Martinez Lobato’s ‘The Pier’ (EXCLUSIVE)

    MIAMI  — Clinching more deals on one of Mipcom’s highest-profile premieres, Beta Film has closed early major territory sales on Movistar + Original “El Embarcadero” (“The Pier”), Alex Pina and Esther Martínez-Lobato’s follow-up to Netflix phenomenon “La casa de papel” (“Money Heist”), identified by the streaming giant in its first-quarter results last April as its [...]

  • Oscar OScars Placeholder

    How to Watch Oscar Nominations Live Online

    The 91st Academy Awards may be hostless, but its nominations will be led by Kumail Nanjiani of “The Big Short” and Tracee Ellis Ross from ABC’s “Black-ish.” The two actors will announce the nominees live beginning at 5:20 a.m. PT/8:20 a.m. ET on Tuesday, Jan 22. All 24 Oscar categories will be announced in a [...]

More From Our Brands

Access exclusive content