Support NeoGAF

[Guevara]

It seems Jay Z’s new streaming service Tidal has 99 problems, but a CEO ain’t one.

Tidal CEO Andy Chen has left the company, according to Swedish website Breakit. The blog had been looking into the layoff of 25 employees at Tidal when a spokesman for the service confirmed that Chen would no longer be serving as CEO and that former CEO Peter Tonstad would take the helm in the interim.

http://venturebeat.com/2015/04/17/jay-zs-spotify-competitor-tidal-reportedly-just-lost-its-ceo/

So, that's going well.

 

[mreddie]

That was quick.

 

[AlexMeloche]

Eh. Not surprised tbh.

 

[cirrhosis]

That was pretty fast.

 

[JMDSO]

Wasn't this announced less than a month ago?

 

[wenis]

Must be why Jay and Jack White are acting as Customer Support now.

 

[Gaz_RB]

Damn. I was hoping it would be at least a semi-competent competitor to Spotify. Maybe the new CEO can keep her afloat.

 

[zychi]

Jay-Z the only man to fall upwards and make everything worse as time goes on.

 

[PBY]

WELP

 

[spindashing]

Nas won.

 

[BronsonLee]

Wouldn't losing your CEO be a problem

 

[Supermanisdead]

alicia keys has ceo experience. just sayin

 

[Chiggs]

I wish I had money to blow on vanity projects doomed to fail.

 

[kmax]

Apparently, the CEO was fired.

 

[PhantomHound]

Good, the advertisments for the service are so obnoxious.

 

[Pavaloo]

how big is their staff otherwise?

so their former CEO is becoming regular CEO again? ... okay, big deal?

 

[TheAbsolution]

Not surprised in the slightest. Just surprised that it's happened so fast.

 

[Armaros]

Apparently, the CEO was fired.

Not going to inspire confidence either way.

 

[Bloodrage]

I'll be the CEO, Jay.

 

[Carl]

Good start

 

[PhoenixDark]

The idea of making videos exclusive on Tidal is just laughable. It just doesn't even make sense, given how quickly said videos can be uploaded on youtube or WSHH.

This entire idea was horribly planned out and poorly marketed (to say the least). I still think it can exist as a niche stream service, but it'll be in a very distant third place behind Spotify and iTunes' upcoming streaming service.

 

[brokenbeans]

Bet that hit Jay Z like a tidal wave.

 

[GodofWine]

I'd love to see their subscription numbers.

 

[studyguy]

Didn't the share price skyrocket following his acquisition?
The hell is going on over there.

 

[see5harp]

Cannot wait until he hires some struggling new artist like Bono for the vacant position to let the world know that artists deserve to be paid.

 

[biosnake20]

Where's Ja?

 

[Xyphie]

#TIDALfiresALL

 

[SJRB]

I don't understand what's going on, is Tidal a flop?

 

[schlongdog]

Not at all surprising

 

[Deft Beck]

Looks like Tidal got washed up.

 

[Herbspiceguy]

That 56m acquisition is going to hurt.

 

[bearythebear]

I guess, that's that then...

 

[LakeEarth]

Did they expect it to get the Spotify levels in a month?

 

[jtb]

That was quick.

 

[Bomber Bob]

lol Jay Z you're no Dre

 

[Freedom = $1.05]

that's not a good look. You're not going to get a whole lot of folks investing in it if it appears you have zero confidence in your own product.

 

[SnakeXs]

As someone who supported and has been a subscriber of Tidal because of its appeal to audiophiles, the changes at hand are worrisome.

 

[onadesertedisland]

I think the music celebrities are a bit out of touch with what listeners want.

 

[Pavaloo]

Cannot wait until he hires some struggling new artist like Bono for the vacant position to let the world know that artists deserve to be paid.

if a bunch of starving artists got together and said "this is our new streaming service" how many people would even pay attention?

 

[x-Lundz-x]

I'd love to see their subscription numbers.

Here:

 

[Zombine]

It looks like Tidal is failing to make any waves.

 

[mackattk]

Didn't this just launch like a month or two ago?

 

[GhostWriter24]

After that abysmal launch I'm not surprised. Spotify is where it's at, especially now that I can run it in the background on my PS4.

 

[Banana Aeon]

GJ, Jay.

 

[entremet]

This doesn't really mean anything. If anything it signals Jay's influence on the new service as they transition.

Remember, Tidal was bought by Jay. It had different leadership and vision before it was purchased.

Jay is probably is getting his people in the leadership team.

 

[Pavaloo]

This doesn't really mean anything. If anything it signals Jay's influence on the new service as they transition.

Remember, Tidal was bought by Jay. It had different leadership and vision before it was purchased.

Jay is probably is getting his people in the leadership team.

for real it just sounds like his team is done figuring out who is redundant and how to restructure - like every other corporate acquisition in history

tonstad had already been CEO for about a year and four months before

but you know, final nail in the coffin, etc.

 

[riotous]

Jay Z's company bough Aspiro, a streaming media company. Andy Chen was the CEO of Aspiro.

Isn't laying off original employees an incredibly normal aspect of acquiring another company?

 

[Ominym]

Jay Z's company bough Aspiro, a streaming media company. Andy Chen was the CEO of Aspiro.

Isn't laying off original employees an incredibly normal aspect of acquiring another company?

Absolutely, but doing this now is a terrible idea. It does not inspire confidence in a company many have just heard about for the first time very recently and is struggling to earn it's place in the market.

That said, yeah this is pretty common.

 

[Diddy Kong]

didn't even know this existed lmao

 

[John Dunbar]

I'd love to see their subscription numbers.

jay-z called them all and then it was time for lunch.