A prospective sale of PledgeMusic has fallen through, and the company will enter administration, the UK equivalent of bankruptcy, sources with direct knowledge of the situation tell Hypebot. UK based corporate advisory FRP will be nominated to administer a court directed sale of all assets, which would be used to…
Category archives: Crowdfunding
PledgeMusic Enters Pre-Administration As Buyer Deliberates
PledgeMusic.com Limited is in pre-administration, the UK version of a pre-bankruptcy, sale or reorganization, sources tell Hypebot. But as we previously reported, there is also still an active potential buyer. A confidential email leaked by DMN, which purports to offers potential buyers a look at PledgeMusic’s assets and financials, only…
Getting It Done: The Week In D.I.Y. and Indie Music
This week we have a host of fresh and invaluable tips for the looking to cut their own path in the music biz, with advice on how to contact blogs and playlists, how you can best fully optimize your Instagram page, some common crowdfunding myths that simply aren’t true, and…
Game Over for PledgeMusic — Leaked E-mail Reveals Pre-Liquidation Fire Sale Set to Begin
A leaked e-mail has revealed that PledgeMusic has laid off its staff and won’t ever pay back artists. So, how did it come to this? For nearly a year, failed British crowdfunding platform PledgeMusic has promised to pay back the hundreds of thousands it…
5 Music Crowdfunding Myths – Busted! [Ariel Hyatt]
Crowdfunding has become a key tool in the DIY artist toolkit, but doing it successfully is harder than it looks. Here Cyber PR’s Ariel Hyatt does a little myth busting to help set the stage for success. By Ariel Hyatt of Cyber PR The more I study the realities of…
How To Build Your Crowdfunding Team – A Musician’s Guide
Ariel Hyatt’s best selling book CROWDSTART is now a 3-part masterclass – Cyber PR LAB 9. With leading crowdfunding service PledgeMusic at least temporarily offline, this must-read book excerpt and the course are more important than ever. By Ariel Hyatt of Cyber PR and the CROWSTART book and masterclass. While…
There Is Still Active Interest In Acquiring PledgeMusic
The sale of PledgeMusic is still an active possibility, multiple sources tell Hypebot. Several people with direct knowledge of the situation reached out after we published the concerns of hopeful musicians that emails they received from the crowdfunder touting "negotiations the board is having with a potential buyer" were empty…
PledgeMusic Sale Appears To Be Another Empty Promise
Last week, we reported that some artists affected by the demise of PledgeMusic became hopeful they would be made whole after receiving emails touting "negotiations the board is having with a potential buyer." It now appears that is was just the latest in a series of empty promises from the…
PledgeMusic Says Its In Negotiations With Potential Buyer
It has been more than two months since PledgeMusic suspended all crowdfunding campaigns on the platform, leaving hundreds of artists unpaid. But a PledgeMusic staffer is now telling former clients that the company is in negotiations with a potential buyer. In an email obtained by Hypebot and verified separately, this…
Choosing The Right Rewards For Your Patronage, Crowdfunding Campaigns
For any crowdfunding campaign to be successful, it’s important to have the kind of enticing rewards that will actually motivate fans to donate or become patrons. In this piece we look at some key tips for choosing rewards that will maximize your crowdfunding revenue. ______________________________ Guest post by Randy Chertkow…