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Music Streaming Service Tidal Loses Third CEO In Two Years (cnet.com)

Posted by msmash on from the trouble-in-paradise dept.

An anonymous reader shares an article: The music-streaming service Tidal is saying goodbye to yet another CEO. Jefffrey Toig, who became the company's CEO in December 2015, is leaving the company. This would make him the third CEO leaving Tidal after two years, following the departure of Andy Chen and Peter Tonstad. In a statement to CNET, Tidal said that it will announce a new CEO in the coming weeks. The Jay-Z-owned music service has relied heavily on star power and album exclusives, but its bet doesn't seem to be making any splashes. On top of that, the company was accused in January of lying about its 3-million subscriber-base. They were accused of creating fake accounts.

9 of 19 comments (clear)

  1. Ashley Madison by Anonymous Coward · · Score: 1

    "the company was accused in January of lying about its 3-million subscriber-base. They were accused of creating fake accounts"

    Tidal, the "Ashley Madison" of streaming services.

  2. Tidal got 99 problems, but a CEO ain't one. by BLToday · · Score: 1

    Tidal has so many problems that finding a new CEO is the least of their issues. Cost structure, pricing, not enough capital, etc.

  3. Do it like the others do by nospam007 · · Score: 1

    They should put him in a nice corner office with his name on the door, that way they can always find him.

  4. Some might say that's careless by Hognoxious · · Score: 1

    This is why I save time by searching in reverse order.

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    1. Re:Some might say that's careless by Megol · · Score: 1

      (This is assuming moving between places have no cost)

      That doesn't help as you just change the search direction creating a problem with the same complexity.

      What you should do is enumerate all places the thingy can be and select a place randomly until the thingy is found. Statistically the thingy will be found in 1/2 the time!

  5. It's in the name. by Snufu · · Score: 1

    Their eventual goal is a new CEO twice a day.

  6. Sprint rumored ~$?200M? what happened? by spinitch · · Score: 1

    Thought saw a promo for 6 month free Tidal service for Sprint but unsure of specifics. How did Tidal lose so much money e.g. $28M in 2015 just streaming? If Tidal had 1M paying subs at ave (haphazard guess) $100/year then spent $128M? Streaming infrastructure very expensive or paying For content &/or marketing above what they can sell? Brightstar goodwill impairment (-JPY 30.3bn) https://cdn.softbank.jp/en/cor...

  7. Re:Good by unixisc · · Score: 1

    Why doesn't he stop performing, & become their CEO? W/ all his drug loot, he can keep that company afloat

  8. Kids today by Bloke+down+the+pub · · Score: 1

    Tell them they can't have another until they learn to look after their things.

    --
    It's true I tell you, feller at work's next door neighbour read it in the paper.