Tidal has lost it’s second CEO. In 3 months.

If you remember, Tidal’s last CEO left the company, and an interim CEO was put in place…

Andy Chen, CEO of Tidal at Norwegian-based parent company Aspiro Group, has left the company. A Tidal spokesperson tells Billboard that Peter Tonstad, Aspiro’s former CEO, will serve as interim CEO while a replacement search commences. Although reports initially suggested an additional 25 employees were leaving the company, another Tidal rep says the number of employees is “less than half” the reported number and across the entire global network.

This happened in April.

Well now, Peter Tonstad has stepped down as well…

Less than three months since starting the job of interim CEO, Peter Tonstad will no longer be leading the company, the WSJ reported today.

Tonstad only took the role after Andy Chen, Tidal’s previous CEO, parted with the company after Jay-Z acquired it earlier this year. While Tonstad’s role was said to be as interim from the start, the latest CEO shuffle doesn’t appear to be because Tidal has found a permanent chief executive officer. The WSJ says executives in New York and Oslo where the company is based will take over operations until a new CEO is found.

Hmmm. Second CEO to step down…

This time with nobody to replace him….

Also, in a bit of good news for the company, they have added two new partners

Tidal announced two new distribution partners on Tuesday. DistroKid and TuneCore partnered with the music streaming service, allowing more ways for independent artists to get their music onto the platform.

The two companies join Record Union and Phonofile as distribution partners for the Tidal Discovery initiative, which aims to showcase up-and-coming artists, and give them a way to release music directly through Tidal.

Artists without a traditional label can upload their music and select their preferred royalty structure after signing a contract to become eligible.

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