PledgeMusic says “All data has been preserved”
PledgeMusic pulled its web site offline Thursday leaving artists without the ability to access and download previous fan and order data. The shuttered service now says that all data has been preserved and will be made available soon.
Overnight this line was added to PledgeMusic's front page:
"All data has been preserved and a notice with next steps will be posted on here shortly."
PledgeMusic suspended operations in February leaving hundreds of musicians unpaid. Some estimates of company debt range as high as $3 million. The music crowdfunder had been expected to enter administration, the UK equivalent of bankruptcy, more than two months ago.
Here is the statement in full:
To the Artists and Fans of PledgeMusic.
As many of you know, PledgeMusic suspended operations a number of months ago and the site is now offline.
The company continues to work with outside counsel on the most appropriate next steps, and we will update you with those specifics as we get more information.
All data has been preserved and a notice with next steps will be posted on here shortly.