--- title: Jay-Z Owned Tidal Loses Another CEO description: The interim CEO of Jay Z's music streaming service Tidal is leaving the company after just three months on the job. canonical: https://time.com/3932076/jay-z-tidal-ceo/ author: TIME article:opinion: false article:content_tier: free article:published_time: 2015-06-23T15:10:24.000Z article:modified_time: 2026-04-13T08:05:48.823Z article:section: Business og:title: Jay Z's Tidal Waves Goodbye to Another CEO og:description: While Apple Music is set to launch very soon og:url: https://time.com/3932076/jay-z-tidal-ceo/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt161c8ef938ceed18/698857ec0a4a2239aa9c4d72/gettyimages-468164262.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: Tidal Launch Event NYC #TIDALforALL og:type: article twitter:card: summary_large_image twitter:title: Jay Z's Tidal Waves Goodbye to Another CEO twitter:description: While Apple Music is set to launch very soon twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt161c8ef938ceed18/698857ec0a4a2239aa9c4d72/gettyimages-468164262.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  # Jay Z's Tidal Waves Goodbye to Another CEO by [Ben Geier / Fortune](/author/fortune/) ## Ben Geier / Fortune Jun 23, 2015 3:10 PM CUT  Madonna, Deadmau5, Kanye West, and JAY Z onstage at the Tidal launch event #TIDALforALL at Skylight at Moynihan Station on March 30, 2015 in New York City. Madonna, Deadmau5, Kanye West, and JAY Z onstage at the Tidal launch event #TIDALforALL at Skylight at Moynihan Station on March 30, 2015 in New York City.Jamie McCarthy—2015 Getty Images by [Ben Geier / Fortune](/author/fortune/) ## Ben Geier / Fortune Jun 23, 2015 3:10 PM CUT The interim CEO of Jay Z’s music streaming service Tidal is [leaving](http://www.wsj.com/articles/boss-of-jay-zs-music-streaming-service-tidal-quits-1435063203 "undefined") the company after just three months on the job, the Wall Street _Journal_ reports. Peter Tonsta began as Tidal’s interim chief after former CEO Andy Chen [departed](http://www.billboard.com/articles/business/6538648/tidal-ceo-andy-chen-leaves-layoffs-interim-ceo "undefined") in April. Tidal is owned by Jay-Z and a group of other musical artists, including rocker Jack White, formerly of The White Stripes. Existing leaders at the company will run the business until a replacement is brought in, according to the company. “We are thankful to Peter for stepping in as interim CEO and wish him the best for the future,” a Tidal official told the _Journal_. Tidal relaunched earlier this year with a star-studded New York City launch event. However, the service, which offers no free tier, has less than a million subscribers, whereas rival Spotify reports over 75 million active users and 20 million paying customers. Meanwhile, Apple is set to launch a streaming service of its own, Apple Music. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3932076/jay-z-tidal-ceo/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3932076/jay-z-tidal-ceo/"},"headline":"Jay Z's Tidal Waves Goodbye to Another CEO","datePublished":"2015-06-23T15:10:24.000Z","dateModified":"2026-04-13T08:05:48.823Z","description":"While Apple Music is set to launch very soon","url":"https://time.com/3932076/jay-z-tidal-ceo/","keywords":["Media","Tech","Apple","Music","Jay-z","streaming","Jack White","tidal","pubdesk"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt161c8ef938ceed18/698857ec0a4a2239aa9c4d72/gettyimages-468164262.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Ben Geier / Fortune"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt161c8ef938ceed18/698857ec0a4a2239aa9c4d72/gettyimages-468164262.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Tidal Launch Event NYC #TIDALforALL","caption":"Tidal Launch Event NYC #TIDALforALL","creditText":"Jamie McCarthy—2015 Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/media/","name":"Media"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3932076/jay-z-tidal-ceo/","name":"Jay Z's Tidal Waves Goodbye to Another CEO"}}]}] ```