<p><a href="/wp-content/uploads/2015/06/IMG_4334.jpg"><img src="/wp-content/uploads/2015/06/IMG_4334.jpg" alt="" /></a> Jay-Z&#8217;s streaming service Tidal is having a difficult time with not only gaining users, but keeping staff as well!<br />
It&#8217;s reported that Tidal&#8217;s interim CEO Peter Tonstad, has just stepped down. This is the second CEO to depart the company since its debut. The prior CEO Andy Chen, left in April amidst layoffs.</p>
<p>This reconstruction of executive management comes at horrible time with Apple launching its Apple Music service next week.</p>
<p>Jay-Z bought Aspiro, the media tech company that houses Tidal, for $56 million in hopes of making it a leading competitor to already flourishing streaming services Spotify, Apple, and YouTube.</p>
<p>Even with all the celebrity backing coming from its famous co-owners like Madonna, Kanye West, and Beyoncé, the company is still struggling to gain an audience.</p>
<p>Tidal has about 900,000 users and charges $9.99 a month, while Spotify, who charges the same, has 20 million subscribers with option of a free ad enabled version.</p>
<p>Hopefully the folks at Tidal can figure out a strategy to keep them in the game. They will need a lot of help when Apple drops their service next week!<br />
Source cited: LA Times</p>
<p>http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-jay-z-streaming-service-tidal-ceo-20150623-story.html</p>
<p>TSR Staff: Chinny!! @Miss_ChinChin on IG!</p>
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