The charges are unrelated to PledgeMusic — though this isn’t a good sign. The U.S. Securities & Exchange Commission (SEC) has issued formal stock fraud charges against a majority PledgeMusic shareholder. Joshua Sason, founder and CEO of Magna Group…
Category archives: Crowdfunding
PledgeMusic Delivers a New Non-Statement
So, when will PledgeMusic finally pay the money it owes artists? Probably never, it seems, as it takes another step toward closing its doors for good. PledgeMusic has made the same promise to independent artists before. Last summer, the crowdfunding p…
PledgeMusic Issues An Incomplete Update
PledgeMusic issued an update late on Friday, but failed to address the core concerns of artists affected by non-payments and the complete suspension of all crowdfunding campaigns almost two weeks ago. Messaging to fans, which had been experiencing some problems, was again operational as is the ability to download of…
One Week Later, PledgeMusic’s Crowdfunding Campaigns Remain Suspended
More than a week after suspending all crowdfunding campaigns, PledgeMusic remains silent about what’s going on. PledgeMusic has been promising since the summer of 2018 that it would make back payments to artists. Benji Rogers, the co-founder of PledgeM…
PledgeMusic Silent One Week After All Campaigns Suspended
The suspension of all crowdfunding campaigns on PledgeMusic continued Thursday, a full week after they began. The company has been silent since all week, leaving thousands of musicians in the dark; and in many cases, owed tens of thousands of dollars in funds pledged by fans. Attempts to contribute to…
PledgeMusic Shutdown Continues
The suspension of all music crowdfunding campaigns on PledgeMusic continued Tuesday, six days after they began. The company has been silent since last week, leaving thousands of musicians in the dark and in many cases, owed tens of thousands of dollars in funds pledged by fans. Attempts to contribute to…
DIY Crowdfunding For Musicians: A PledgeMusic Alternative
Crowdfunding has become a well tested fundraising tool, particualrly for independent musicians. But the ongoing troubles at PledgeMusic have led many to look for alternative approaches. Tommy Stalknecht, the CEO of Spotify music distribution app Single surveys the current music crowdfunding landscape and offers a well tested direct-to fan alternative….
PledgeMusic Deathwatch – Contributions to Active Campaigns Suspended
Just how soon should we expect PledgeMusic to utterly give up and throw in the towel? PledgeMusic has gone from pretty bad to even worse. First blaming a ‘transition in payment platforms,’ the embattled British crowdfunding platform now owes artists hu…
PledgeMusic Advises Artists To Suspend All Campaigns [UPDATE]
Pledge Music has sent an email to artists with active crowdfunding campaigns advising them to "suspend" them immediately, Hypebot has confirmed. The company also suspended new fan contributions to all campaigns overnight Wednesday. Attempts to contribute to multiple campaigns on Thursday morning resulted in a pop-up reading: "Dear Fans, Unfortunately…
Losing Faith in PledgeMusic, the British Musicians’ Union Urges Artists to Use Another Platform
PledgeMusic executives have yet to convince the British Musicians’ Union it can turn things around and get artists paid. Frankly speaking, PledgeMusic isn’t in a very good place right now. Industry analyst Bob Lefsetz recently published a significant n…