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Jay Z Streaming Service TIDAL Loses Another CEO

06/24/2015
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(Radio.com) Apple has made nice with important person Taylor Swift, but Jay Z's TIDAL streaming service can't seem to make nice with an important person of their own: their CEOs.

The Wall Street Journal reports that the company's interim CEO, Peter Tonstad, has resigned from the company. Tonstad took over after the previous CEO, Andy Chen, left the company in April.

In a statement to the WSJ, TIDAL said, "we are thankful to Peter for stepping in as interim CEO and wish him the best for the future." When contacted by a Norwegian newspaper for comment, all Tonstad had to say was that he would only confirm that he had resigned. Read more here.

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Copyright Radio.com/CBS Local - Excerpted here with permission.

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