Tidal Upstart Music Service Replaces CEO, Fires Execs

Bloomberg: Tidal, the music service owned by rapper Jay Z and more than a dozen fellow musicians, has named Peter Tonstad as interim CEO, replacing Andy Chen. Tonstad, who oversaw Tidal under its prior owner, “has a better understanding of the industry.” Tidal has also confirmed reports that it fired some executives.” We’ve eliminated a handful of positions and refocused our companywide talent to address departments that need support and cut redundancies.”