Tidal Fires Two Of Its Top Tier Executives
Jay Z’s music streaming service Tidal has parted ways with two of its high-level executives: CFO Chris Hart and COO Nils Juell have been let go from the company.
Although it was first reported by Swedish outlet Breakit that Hart was let go following a disagreement over the way the company presents its streaming data, a representative for Tidal has since clarified that the decision had more to do with the relocation of its operations and accounting divisions to New York.
“Tidal has terminated CFO Chris Hart and COO Nils Juell,” the company confirmed in a statement to Billboard. “As Tidal has grown into a global operation serving 46 countries we have moved our accounting and operations team to New York while our technology team and key support staff remain in Oslo.”
Hart and Juell’s departure marks the latest in a series of staff changes to take place over the past year. Jeff Toig, the former executive of SoundCloud, became Tidal’s third CEO in December 2015 after he took over from interim CEO Peter Tonstad, who was appointed after Andy Chen parted ways with the company last April.
This latest shakeup follows news of a $5 million lawsuit filed against Tidal in which the band The American Dollar claims the service owes them unpaid royalties. Tidal has since released a statement disputing these allegations, saying, in part that “TIDAL is up to date on all royalties for the rights to the music stated in Yesh Music, LLC and John Emanuele’s claim and they are misinformed as to who, if anyone, owes royalty payments to them.”
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