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

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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

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PledgeMusic Bankruptcy Receiver Has ‘No Update’ 2 Months After Appointment

The Official Receiver named to oversee the liquidation of  PledgeMusic.com Ltd had "no update" when contacted this week by Hypebot.

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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

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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

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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

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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

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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

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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

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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

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