Livamp wants to connect musicians with investors
Livamp is the latest attempt to explore how crowdfunding can work for musicians. In this case, it encourages people to invest money in emerging artists in return for an actual stake in their career – minority shares...
March 22, 2016
Kickstarter saves Drip music subscriptions service
Earlier this year, music-label subscriptions service Drip announced that it was closing down. Now, on the eve of the planned closure, Kickstarter has swooped in to save it. “Many of us at Kickstarter have admired Drip...
March 18, 2016
Magna Entertainment takes major stake in PledgeMusic
New York-based investment firm Magna has taken a “major position” in fan-funding service PledgeMusic. The size of its investment remains undisclosed, although it was made through the company’s Magna Entertainment...
February 24, 2016
Korean live-music startup MyMusicTaste raises $10m
Remember when Songkick was promoting its Detour feature, which enabled fans to band together to request a gig in their nearest town by a favourite band? Korean startup MyMusicTaste is mining similar territory, and it’s...
January 11, 2016
Kickstarter backers have pledged $157m for music projects
Kickstarter has reached a significant milestone: $2bn of pledges to projects on the crowdfunding website. The second billion took 19 months, compared to 58 months for the first billion. The company has broken down the...
November 5, 2015
PledgeMusic shares stats to celebrate sixth anniversary
Fan-funding platform PledgeMusic is six years old this year, and to celebrate, CEO Benji Rogers has published some stats on how artists are performing on the service. More than 1m people have accounts on PledgeMusic, spending...
November 4, 2015
Patreon security breach includes users’ personal details
Crowdfunding service Patreon has reported a significant security breach that included personal information on some of its users. The breach happened on 28 September via a debug version of the Patreon website that was publicly...
October 2, 2015
Kickstarter takes steps to never ‘sell or go public’
We’re all familiar with the hoped-for trajectory of most tech startups: several rounds of funding followed by an exit through acquisition or IPO. Crowdfunding firm Kickstarter has taken the bold move of aiming for neither...
September 21, 2015
‘Popcorn Time for music’ app Aurous abandons crowdfunding
Earlier this month, we reported on the upcoming launch of Aurous, a music-focused filesharing app whose slick interface – by which we mean an interface heavily inspired by Spotify – was already seeing it hailed as a “Popcorn...
September 21, 2015
Neil Young admits to ‘lack of resources’ for Pono
Neil Young has admitted that Pono has a “lack of resources” that is frustrating his ambitions for global expansion for his hi-res downloads store and music player. “We have no proven business leader at the head of our...
August 24, 2015
Michael Bolton turns to the crowd through PledgeMusic
And you say, all your hope is gone, and what’s the use in trying. What you need is to have some faith, shake off those sad blues, and get yourself a new direct-to-fan campaign from PledgeMusic to fund your next album. Yes,...
August 7, 2015