PledgeMusic Goes Silent
PledgeMusic has not offered an update to the hundreds of musicians and thousands of fans affected by the crowdfunder's inability to pay creators the funds that fans had pledged. Even the rumor mill is almost silent.
As the week's drag, on it seems increasingly unlikely that anyone is ready to settle the estimated $2 – $3 million in debt and save the company.
The only persistent rumor is about Noistrade, an almost untouched Pledge asset that is said to have been looked at by several investors.