UK Music wants government to step in over PledgeMusic collapse

Yesterday saw PledgeMusic’s winding-up hearing in London, which had only been reported on (and thus made known to artists owed money by the stricken crowdfunding company) the day before. No surprise, then, that industry body UK Music is unhappy with the turn of events. Its deputy CEO Tom Kiehl wants the British government to step […]

UK industry bodies launch survey on impact of PledgeMusic collapse

The slow-motion collapse of crowdfunding firm PledgeMusic has yielded a number of tales of artists owed money by the company, but now a group of UK music-industry bodies are trying to get a better picture of the effects. The Musicians’ Union is hosting an ‘impact assessment survey’ that will run until 25 June, supported by *takes deep […]

Composer John Zorn says he’s owed nearly $200k by PledgeMusic

Composer John Zorn is the latest musician to go public on his experience with troubled crowdfunding platform PledgeMusic. Zorn used the site in 2018 for the release of his 11-album box-set ‘The Book Beriah’, raising $197,559 in the process. Now Zorn has told NPR that the money is still owed to him, as PledgeMusic prepares to go […]

UK Music boss calls for investigation into PledgeMusic collapse

Crowdfunding firm PledgeMusic’s imminent administration looks set to get messy, with the inevitable scrutiny of how the company got into a financial hole – and crucially, what happened to the money raised by artists using the platform, who are still owed payouts. UK Music boss Michael Dugher wants the relevant watchdogs to get involved in […]

PledgeMusic co-founder confirms imminent administration

The co-founder of stricken crowdfunding service PledgeMusic has confirmed that it will shortly enter administration. Benji Rogers, who has been volunteering his services to help the company out of its financial hole, admitted defeat in a blog post yesterday. “I am sad to report that this effort has not met with success and that PledgeMusic […]

PledgeMusic goes into pre-administration: report

Hypebot is reporting that PledgeMusic has gone into pre-administration as its future now hangs in the balance. According to sources, a buyer for the troubled crowdfunding platform is still possibly in the wings seeking to acquire it – but is deliberating. “UK based corporate advisory FRP has been named to contact potential buyers and value the […]

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