Founder Benji Rogers and A PledgeMusic Staffer Respond To News That Artists Will Never Be Paid
After news broke yesterday that PledgeMusic had $9.57 million in debt and assets worth $25,000 leaving "little prospect" that artists and other creditors will be paid, Hyepbot heard from two. Continue reading
PledgeMusic Owes $9.5M Leaving ‘Little Prospect’ That Artists Will Be Paid says UK Court
[UPDATE] PledgeMusic entered liquidation with $9.57 million in debt and assets worth just $20,000, according to court documents obtained by Hypebot. With an "estimated deficiency" of $9.5 million and secured. Continue reading
Court Allows PledgeMusic To Sell Off Assets, UK Music Industry Demands Investigation
PledgeMusic was in a UK courtroom yesterday to begin the process of "winding up" the company, the UK equivalent of liquidation of remaining assets. A UK judge has approved the. Continue reading
L7 Pledges Legal Action Against PledgeMusic
In an open letter to fans, indie band L7 summarized their own experience and those of other musicians: "in a nutshell, the funds that many bands and their supporters raised. Continue reading
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. Continue reading
ROCCR Is A Non-Profit, Transparent PledgeMusic
UPDATED: As the effects of the collapse of crowdfunder PledgeMusic rippled through the music community, Iain Baker of UK rock group Jesus Jones was one of its most outspoken critics. . Continue reading
A Legal View Of The Fall Of PledgeMusic and What Could Happen Next
Earlier this week, Hypebot published an important Music Biz Weekly podcast interview with Attorney Chris Castle delving into the demise of PledgeMusic and its legal ramifications for artists, vendors and. Continue reading
Patreon Adds $60M To ‘Take Membership To The Next Level’
Creator subscription platform Patreon has raised an additional $60 million that it says will be used "to take creator memberships to a whole new level." Patreon has more than 3. Continue reading
Inside Bandzoogle’s New Music Crowdfunding Platform with Dave Cool [Music Biz Weekly Podcast]
Dave Cool from Bandzoogle sits down with Michael Brandvold and Jay Gilbert on the Music Biz Weekly Podcast this week to discuss Bandzoogle's new no fee crowdfunding feature. Dave also. Continue reading
