Jay Z’s music streaming service TIDAL is getting renovated slowly, and the first step was firing its chief financial officer and chief operations officer. Tidal said in a statement to Complex:
“TIDAL has terminated CFO Chris Hart and COO Nils Juell. 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.”
Let’s not forget that in December 2015, Jeff Toig became the company’s third CEO in less than a year. Tidal also lost SVP of artist and label relations, Zena Burns, last year after just two months. Chief investment officer Vania Schlogel also left Tidal last summer.
Meanwhile, this news comes while the company is reportedly being slapped with a lawsuit for not paying artist royalties. Tidal since has issued a statement to Complex about the lawsuit and said that the company is up to date on all royalties owed to Yesh Music, LLC.