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Jay Z's new music streaming service Tidal has parted ways with their CEO, Andy Chen, it has been revealed.
Chen was the chief executive of Tidal's parent company Aspiro when it was purchased by the rapper earlier this year. Now, Chen has been replaced with former CEO Peter Tonstad only two weeks after the service's inaugural launch.
The official statement from Tidal reads: "Tidal's new interim CEO is Peter Tonstad a former CEO of parent company Aspiro Group. He has a better understanding of the industry and a clear vision for how the company is looking to change the status quo. He's streamlining resources to ensure talent is maximized to enhance the customer experience."
The statement from Tidal also addressed rumours that the company has fired 25 other employees since the launch: "We've eliminated a handful of positions and refocused our company-wide talent to address departments that need support and cut redundancies. Tidal''s offices globally will remain and grow: we are already hiring for several new positions now. We're excited about our future and what's in-store for fans who want the best listening experience."
The launch of the 'lossless' music streaming service has been met with mixed reactions by many, including Lily Allen who believess 'up and coming artists will suffer' as a result and Rihanna fans - who complained after the video for her new single 'American Oxygen' was only available to watch as a Tidal exclusive.
When her Facebook page linked to the Tidal version last week, one of the top rated comments was "And then no-one listened to Rihanna again because she's only available on the streaming service for the 1%."
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