ROCCR aims to restore crowdfunding’s reputation after PledgeMusic troubles

The well-documented troubles of crowdfunding platform PledgeMusic have left a number of artists out of pocket and waiting to find out if the company will be rescued by a buyer. One of those affected was British band Jesus Jones, who’d been using the platform for pre-orders for their latest album ‘Voyages’. Now one of the […]

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 […]

PledgeMusic suspends contributions to its active campaigns

Crowdfunding firm PledgeMusic’s efforts to dig itself out of its current financial troubles continues: this time with a suspension of all active campaigns running on its platform. Billboard reported that PledgeMusic announced the news in an email sent to artists. It follows the company’s public statement last week apologising for delays in paying artists. “The […]

PledgeMusic asks for patience amid acquisition talks

After a troubling start to 2019 (and to be honest, a pretty worrying 2018 for artists whose payments were delayed) PledgeMusic is asking for patience as it sorts out its financial issues. “The situation that PledgeMusic has found itself in is unacceptable and to all of the artists, managers, labels and fans who have put […]

PledgeMusic co-founder returns in effort to get artists paid

Benji Rogers is returning to the company he co-founded, PledgeMusic, as a ‘volunteer strategic advisor and observer to the board’ in an effort to help the crowdfunding company deal with its financial troubles and get artists paid. “I have been in discussions with the management team and board of Pledge over the last few days […]

Artist Fastball has been paid by PledgeMusic this month

Crowdfunding service PledgeMusic has been taking more criticism this week for delays in its payments to artists using its platform. One of those artists were rock band Fastball, who as a post from industry-blogger Bob Lefsetz explained earlier this month, were owed $20k by the company. Now, according to Variety, they have been paid more […]

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