Peter Tonstad was the second CEO left Tidal in two months

 

tidal
Tidal, Jay’s streaming site has loosen its second CEO in two months. The reason why Peter Tonstad leaves is unknown yet.

According to The Wrap, Peter Tonstad beat Andy Chen in April but he did not stay long in his post as he has now left the company himself.

The company statement said that they appreciated for Peter as their occasional CEO and they wish him great success in the future.

In its statement, it implied that Tidal will be into a permanent CEO as they have strategic plan to create a leading platform. The company will continue to use the current executives in New York and Oslo and those management leaders will help the company to rapidly develop innovation and propose initiatives until the company find the new CEO on duty.

The company made apologies last week for messing up Madonna’s new music video- ‘Bitch I’m Madonna’ concerning her world first show.

The problem came while it played three minutes into the visual when the video crashed the application it was playing on.

Madonna is very popular singer. She even was the one of many signatories to the fist ever artist-owned streaming site.

It was reported that Jay Z spent $56 million to buy Tidal in January. Tidal has been hit by social opinions. It shut down its Stockholm offices and divided ways into two CEO in the past few months.

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