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Jay-Z Is Firing People At Tidal (Again)

(AllHipHop News) Once again, Jay-Z has started clearing house at his developing music streaming service, Tidal. The hip hop mogul recently ran into a couple of legal issues after news surfaced that Yesh Music, the party supporting John Emanuele of American Dollar, recently filed a $5 Million lawsuit over royalties. Although the company has claimed that they are clear of royalty issues and are able to purchase master recordings, according to a recent statement, that didn’t stop Hova from firing the people responsible for the issues.

Recently, Tidal released another statement stating that they have let go of COO Nils Juel and CFO Chris Hart. This is yet another time that the young streaming service has managed to fire an employee within their executive ranks, especially after bad press.

Although Tidal is currently having some growing pains, the company’s still progressing efficiently. The release of Kanye West’s latest album The Life of Pablo helped gain so many subscribers that its size in numbers doubled in less than a week.

  • Drake’s 3rd best Ghostwriter

    Jay Z a.k.a. Hov, Jigga

  • Say what you want. But they’re in talks with Samsung right now. Jigga bout to flip this to make 10 times what he paid. Watch.

    • Inmadopicouroz✓QUEENSᵛᵉʳᶦᶠᶦᵉᵈ


    • ZUBU

      Bro now we agree on some things, but he is gonna flip this for 10 times more? That is very speculative; not to mention they are not making major paper yet… Also Jay is not making all the moves and he does not own it all. All of the artist have an ownership stake, plus I suspect (can’t confirm) other management people have stock.
      Something is really suspect with several firings of upper management, indicative of a company that is not solid, something is amiss… Everybody is not on the same page… IJS

      • It’s already up to 4 times more than what he put in. I don’t know. We’re talking about the same dude that played Dame’s ass like a child. Stranger things have happened. Jigga don’t take too many losses.

      • ZUBU

        Bro I feel you but to start with, he did not just put in… Many people contributed, and many will share in the profit if there is any. They have increased in sign-ups but it does not equate to profit. From my understanding many of the new sign-ups were/are on the free trial period…

      • I hear what you’re saying but I’m not speaking about the sign ups. Samsung is in negotiations, as well as other companies, to buy the company. Last number that I read about came to $250 Million that they were offering. Jigga bought the company for a little over $50 Million. So that means he does get the big chunk. Do you really think Jigga would give up $50 Million for nothing? Nah dude. Jigga ain’t that stupid. I think what you’re referring to is a larger chunk of the artist revenue being shared with the artists. But trust me. Tidal is owned by Jay and the artists, true. But the artists got small ass shares. They aren’t equal to Jay’s. Anybody can be considered an owner of a company if you own shares. The question is, how many shares are owned by each artist? No matter what, Jay is holding the most. Jigga bout to cake up. But other companies are negotiating, which could drive up that price. What I said was perfectly feasible given the bids currently coming in.

  • baller187

    His damn ego wont let shit ass tidal go ITS A RAP NIGGA

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  • Xxplosive 1

    Let this be a lesson to you inspiring entrepreneurs, if your team can’t handle their jobs then release the guillotine.

  • WeakSauce

    F Tidal!

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