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TIDAL Fires Its CFO & COO Days After Being Hit With $5 Million Lawsuit!

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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!

Related: Kim Kardashian Is Being Sued For Her Involvement In A Car Accident — In 2014!

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:

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Tidal CEO Steps Down As Dozens Of Employees Are Let Go! Is Jay Z's Streaming Service Already In Trouble???

Filed under: Music MinuteBeyonceJack WhiteJay ZBusiness Blitz

Things are NOT looking good for Tidal!

Well this does NOT sound like good news for Tidal!

It's been less than a month since Jay Z launched his premium music streaming service, and the company is apparently already undergoing a MAJOR personnel change!

[ Related: Jay Z, Beyoncé, Madonna, & MORE Gather For A HUGE Announcement From TIDAL! ]

Andy Chen, who was a CEO of the Tidal's parent company, Aspiro Group, has reportedly stepped down and will be replaced by former Aspiro CEO Peter Tonstad!

The news comes on the heels of reports that up to 25 more Tidal employees have already been let go. However, the company says that "less than half" of that reported number have actually left.

Tidal released a statement on the big change, saying:

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