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 […]
Tag: PledgeMusic
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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 […]
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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 […]
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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 Jones, who’d been using the platform for pre-orders for their latest album ‘Voyages’. Now one of the band, Iain Baker, is part of a group of people setting up an alternative platform called ROCCR.
“ROCCR is a new, transparent, rewards-based crowdfunding platform, which we’re aiming to fully launch over the summer. Rather than focus just on music, we want to help and support the arts generally – so music, theatre, photography and not just existing but up-and-coming bands,” Baker tells Music Ally.
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]