Tag: pledgemusic

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Former PledgeMusic CEO threatens legal action over allegations

There’s a new row involving collapsed crowdfunding service PledgeMusic, and specifically its former CEO Dominic Pandiscia. After a musician – Ken Andrews of the band Failure – made a series of allegations about Pandiscia...
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PledgeMusic reportedly collapsed with $9.6m of debts

Industry blog Hypebot has got its hands on some court documents from the liquidation of crowdfunding service PledgeMusic, and it sounds like they make for grim reading. “PledgeMusic entered liquidation with $9.57...
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PledgeMusic founder responds to criticism over liquidation

PledgeMusic founder Benji Rogers has responded to criticism of the crowdfunding company’s liquidation this week in London. That criticism was based on the fact that Pledge had filed papers for its wind-up hearing in June,...
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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...
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PledgeMusic set for winding-up hearing in London today

Troubled crowdfunding company PledgeMusic’s website has been offline since earlier this month, with a message promising that “The company continues to work with outside counsel on the most appropriate next steps, and...
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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...
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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....
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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...
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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...
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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...
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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...
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Sound Royalties sets aside $3m for stranded PledgeMusic artists

The current financial problems of crowdfunding service PledgeMusic are opportunities for other companies. Sound Royalties, for example, has announced that it’s making $3m available as royalty advances for artists affected...