One month to the day after the PledgeMusic board issued a statement that the troubled crowdfunder was headed to administration, the UK equivalent of bankruptcy, the company’s board of directors issued a brief update. "PledgeMusic is still pursuing a sale (which if it happens is likely to be via an…
Category archives: Crowdfunding
New Crowdfunding Platform From Bandzoogle Seeks To Fill PledgeMusic Void
In the wake of music crowdfunder PledgeMusic’s tumultuous downfall into bankruptcy, Bandzoogle has stepped up to the plate and done some serious renovations on its website in hopes of giving artists another option to run successful crowdfunding campaigns. _________________________________ Guest post by Jeremy Young of Soundfly’s Flypaper By now, I’m…
The Death of Crowdfunding? Kickstarter’s Drip ‘Reboot’ Scrapped Following Unviable Business Model
In an effort to better compete against Patreon, Kickstarter unveiled Drip. The crowdfunding platform first acquired Drip in March 2016. Ghostly International had launched its independent patronage platform in 2012 to “support musicians through subscri…
Kickstarter Cancels Drip XOXO Artist Subscription Project: Serving Small Creators Is Unsustainable
XOXO, the Kickstarter backed successor the Drip artist and label subscription platform is shutting down before it launches. "Ultimately, we couldn’t find a way to make the business viable," the XOXO team wrote announcing the closure. Kickstarter acquired Drip in March of 2016 and experimented with several iterations of the…
4 Crowdfunding Alternatives To PledgeMusic for Musicians
The demise of PledgeMusic left many musicians doubting the legitimacy of crowdfunding. But the music marketing experts that we’ve interviewed still strongly still believe in music crowdfunding even as they experiment with alternatives. Ariel Hyatt of Cyber PR offers four alternatives to PledgeMusic and examines the pros and cons of…
Bandwear Responds To Post-PledgeMusic Payment Concerns
This week music merchandiser Bandwear announced expansion of its crowdfunding platform and an offer to help musicians affected by the PledgeMusic collapse. Included is a staggered payout system similar to one which PledgeMusic reportedly abused by funding daily operations with money intended for artists and labels. "we understand many in…
Bandwear Offers Help To PledgeMusic Artists Including Questionable Staggered Payout System
Merchandiser Bandwear is expanding its music crowdfunding service with an offer to help artists affected by the demise of PledgeMusic. The merchandiser will rebuild their campaigns and online stores at no cost, along an offer of discounted manufacturing and fulfillment. Other artists can also launch a crowdfunding campaign on Bandwear…
Experts Weigh Future Of Crowdfunding Post-PledgeMusic
Has crowdfunding for musicians become too risky? Is it dead altogether? These kind of questions are being asked by tens of thousands of artists who had counted on PledgeMusic and fan funding to finance their next project. Hypebot asked four music marketing experts with experience in crowdfunding to share what…
Bandzoogle Adds Commission-Free Crowdfunding for Musicians
Celebrating their 15th anniversary, music website platform Bandzoogle has added a new crowdfunding template to its commission-free sales tools. The following article comes from Bandzoogle, a proud partner of DMN. The template automatically populates a …
The British Music Industry Unites to Aid Stiffed PledgeMusic Artists
Beleaguered crowdfunding platform PledgeMusic’s implosion, left many independent artists without their promised cash. The failed company currently in administration – the UK equivalent of bankruptcy – owes musicians between $1 million and $3 million. A…