Major Changes At Tidal: The Company Fires Its CFO And COO Naouel Achouri March 2, 2016 On Tuesday, Jay-Z’s streaming music service Tidal has just fired its CFO Chris Hart and COO Nils Juell after the company was hit with a $5million lawsuit from Yesh Music Publishing and John Emanuele of duo The American Dollar. Former Tidal CFO Chris Hart Former Tidal COO Nils Juell According to Norwegian newspaper Dagens Næringsliv and Swedish news outlet Breakit the two chiefs were fired after a dispute over the company’s refusal to release streaming numbers. The $5million lawsuit seeks class-action status, alleging that Tidal licensed 118 songs by American Dollar without permission or payment. According to the company : “Tidal is up to date on all royalties for the rights to the music stated in Yesh Music LLC and John Emanuele’s claim, and they are misinformed as to who, if anyone, owes royalty payments to them.” All music associated with Yesh Music and Emanuele are now removed from the website and app. In a statement to Music Week Tidal confirmed the firings: “Tidal has terminated CFO Chris Hart and COO Nils Juell,’ the statement said. ‘As Tidal has grown into a global operation serving 46 countries we have moved our accounting and operations team to New York while our technology team and key support staff remain in Oslo.” According to Business Insider, Hart has been the CFO of Tidal since 2014, and had been at the company since 2012 and Juell worked as COO since 2007. Since it launched, the service has faced a barrage of criticism. i LOVE Jay z so much, but TIDAL is soon expensive compared to other perfectly good streaming services, he’s taken the biggest Artists — lily (@lilyallen) March 30, 2015 Let’s not forget that they benefitted from streaming exclusives for Beyonce’s politically charged Formation visual and Rihanna’s long-awaited ANTi album. Regarding Kanye West, he has insisted that his new album ‘The Life of Pablo’, will be available only on Tidal and never available for purchase on Apple’s iTunes. Tidal’s list of co-owners also includes Madonna, Rihanna, Nicki Minaj, Kanye West, Alicia Keys, and most recently, T.I. Newest artist owner in the @TIDAL fam! #TIDALXTIP #BankRollMafia #HustleGangOverErrrrthang A photo posted by TIP (@troubleman31) on Feb 22, 2016 at 6:52pm PST Small aside,The rumour has it that Jay-Z may be looking to sell Tidal and Samsung may be named as possible suitor. But there’s nothing formal at the moment. Your thoughts? Share this TEA:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Google+ (Opens in new window)Click to email this to a friend (Opens in new window) You must log in to post a comment.