TIDAL has had its fair share of troubles already, from major lawsuits to CEOs stepping down.
Well this week Jay Z's streaming music service continued to run into problems as Yesh Music and John Emanuele from the band The American Dollar filed a lawsuit against the company for streaming their songs without paying them royalties.
While this was bad enough news, it was also reported Tuesday that mere days after the suit was filed, Young Hov's company has fired its CFO Chris Hart and COO Nils Nuell!
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TIDAL also made another major change as they moved their operations and accounting divisions from Oslo, Norway to New York City — where Jay lives. However, the company's tech team will remain in Norway.
A rep from the company released a statement regarding the news, saying:
Tags: billboard, business blitz, chris hart, ervin dragonovic, jay z, jeff toig, john emanuele, legal matters, music minute, new york, nielsen music, nils nuell, peter tonstad, the american dollar, yesh music