PledgeMusic Fiasco Is Even Weirder Than You Think - Part 1 [David Lowery]

PledgeMusic NewFew failures have had a more direct impact on the indie music community than the recent demise of PledgeMusic, not only for those owed millions of dollars, but also for the many others who had come to rely on the platform for pre-sales and fundraising.  In recent days, a variety of sources has accused the PledgeMusic board of being at the root of the failure. Here David Lowery takes his own critical look.

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DJ Khaled, Maren Morris, More Lead Pandora ‘Sound of Summer’ Campaign

image from samoa-observer.s3.ap-southeast-2.amazonaws.comPandora is teaming with DJ Khaled, Maren Morris, Thomas Rhett, Natti Natasha and Dalex among others for the third edition of its recurring “Sound On” series for the upcoming summer season.

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More Crowdfunding Trouble? Layoffs At Indiegogo, CEO Exits

image from learn.indiegogo.comThe CEO of crowdfunder Indiegogo is exiting "for personal reasons" amid multiple reports of layoffs at the company. Former Reddit exec Andy Yang will takeover as Indiegogo CEO today.

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Tracklib Raises $1.7M For Easy Music Sample Licencing

image from www.jaybirdcom.comMusic sampling startup Tracklib has raised $1.7 million. The new funding for the Stockholm based company was led by the Sony Innovation Fund, WndrCo and Jörg Mohaupt, an early-stage investor who also has stakes in Discogs and Amuse.

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Sofar Sounds Adds $25M While Musicians Make $100 A Show

image from dax2lgcd0wbaz.cloudfront.netSofar Sounds has announced $25 million in new funding led by Battery Ventures and Union Square Ventures with participation from existing investors Octopus Ventures and Virgin Group. That brings total investments in Sofar to $31 million. Three months ago, former Spotify and The Echo Nest executive Jim Luccesse was name Sofar CEO. 

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Sony/ATV, Music App Developer Gismart Ink Content Deal

image from celebrityaccess.comSony/ATV Music Publishing has signed a global content licensing deal with music app maker Gismart.  Titles from music apps and games publisher have over 350 million downloads and 17 million monthly active users across its product portfolio.

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Music WorX Startup Accelerator Opens Applications

image from on-the-move.orgMusic WorX Accelerator 2019, the start-up funding program of the German Ministry of Culture and the Media and the Hamburg Kreativ Gesellschaft, is accepting applications. Music WorX Accelerator helps music and music tech founders from all over Europe.

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The Day Hattie Webb Broke Into The PledgeMusic Office

image from scontent-iad3-1.xx.fbcdn.netPledgeMusic owes independent artist Hattie Webb $6876. She's not alone. Hundreds of artists are owed thousands, even hundreds of thousands of dollars. But Hattie did something we're not aware of any other artist doing. When she learned that the crowdfunder was in financial trouble, she stormed their London office and demanded answers.

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TickTok Owner In Talks To Launch Music Streaming Service

image from cdn140.picsart.comByteDance, valued at $75 billion thanks in large part to the huge popularity of its TikTok app, is in talks with major labels and publishers to launch a music streaming service, according to multiple sources. The Chinese conglomerate could launch its Spotify competitor as soon as the end of this quarter.

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LiveXLive Adds Slacker To App

Slacker NewLiveXLive Media, the music tech company focused on live events, has launched a redesigned app that brings live streams from more than 35 global music festivals together with its Slacker recorded music streaming platform.

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LÜM Raises $1.2M, Partners With Frank Productions For New Music Discovery Platform

image from lum.fmSocial music app LÜM has closed its seed round, bringing the Madison, Wisconsin based startup's total investment to $1.2 million in less than a year. LÜM has also partnered with concert promoters Frank Productions to explore ways to bridge the difficult divide between live and digital music consumption.

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The Four A’s Of Operating In An Article 17 World

1In the wake of the passage of Article 17, and the massive impact it will have on how we consume audio and video, Bob Barbiere explores how Dubset will implement the four As (Access, Attribution, Authorization, and Administration) to tackle copyright as we move forward in a post-Article 17 world.

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Move Over Music, Spotify App Update Highlights Podcasts

Spotify new rectangleThe Spotify mobile music app has been renamed Spotify - Music and Podcasts, as the company brings its $500 million bet on podcasting to the forefront of its entire ecosystem. The new design is be available to some users, but the streamer has offered no date for a full roll out.

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PledgeMusic Board Issues Statement

PledgeMusic NewFor one of the first times since suspending all crowdfunding campaigns on February 3rd, PledgeMusic has issued a short official update. In recent weeks, most communications from the crowdfunder have come unofficially from co-founder and former CEO Benji Rogers.

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TOP POSTS: This Week’s Most Read Posts On Hypebot

6a00d83451b36c69e201b7c907b568970b-150wiThis week's most popular and often read articles on Hypebot covered the sixty-four pop/indie playlists worth pitching to and how to reach them, why PledgeMusic is starting to sound like a broken record, the best way to make sure your content doesn't get rejected, and more!

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PledgeMusic Lost Almost $11 Million In The Last 3 Years

PledgemusicredTwo copies of a PledgeMusic presentation apparently designed to attract investors show that the crowdfunder lost nearly $11 million dollars between 2016 and 2018, despite generating more than $77 million in revenue during the same period. Weird Al Yankovic sold $1.45 million worth of music and merchandise using the platform, according to the document.

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YouTubNow Offline As Music Industry Scores Two Wins vs Stream Rippers

image from www.youtubnow.comAfter months of court delays and losses to overseas based streaming ripping sites, the music industry is finally notching some wins. Ripping MP3's from YouTube, Spotify and other streamers is believed to be the #1 source of music piracy.

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Project Music Showcases 14 Top Music Tech Startups

image from www.hypebot.comNashville's Project Music, a year long accelerator program for music tech startups, named its 2019 class this spring. Now in its 5th year, the 14 startups, which come from across the country, benefit from a year of support and a music industry immersion which connects them to industry leaders alongside a startup curriculum.

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YouTube Music Adds 7 Countries

YouTube Music logo[UPDATE] YouTube Music has just launched in Poland, Czechia, Romania, Hungary, Bulgaria, North Macedonia, and Cyprus. YouTube Music and YouTube Premium are now available in 50 countries, 10 times more then when it re-launched a year ago.

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PledgeMusic Owes This Indie Artist $197,559

Money on fireProgressive composer John Zorn is owed $197,559 for a completed PledgeMusic campaign that he was never paid for.  "The Book Beriah," a box set of 11 albums to be released on his own Tzadik label. features different groups interpreting his compositions inspired by Jewish folk music.

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Ariana Grande Sued For Her Own Photos

image from images-na.ssl-images-amazon.comAriana Grande may be learning the hard way that photographers don’t give away their product for free.  Grande is being sued by photographer Robert Barbera, who claims that Grande posted two pictures he took of her without his permission or paying him for the use, according to TMZ.

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