As news that PledgeMusic was declaring the UK equivalent of bankruptcy, reaction was swift and almost universally negative. Many blamed PledgeMusic’s management and board of directors. "I honestly don’t know how they sleep at night," said veteran music marketer Jay Gilbert. "Where was the board?" asked music industry attorney Chris…
Category archives: Music
Fan Data Drives 5 New Bandsintown Big Break Artists
Concert discovery leader Bandsintown has named five new developing artists to its Big Break fan-driven emerging artists program. An early identifier of success, Bandsintown’s live music insights identify acts who have seen a notable increase of trackers on the platform within a six month period. Since launching in September of…
Free SPLITS App Makes Songwriter Splits Super Simple
The new free SPLITS app from Create Music Group is designed to eliminate songwriting disputes between writers, producers and artists.by generating a free split agreement – the document music publishers use to clarify individual contributions to a song. SPLITS accomplishes this with just a few clicks from a smartphone. "In…
Building Your Dream Team: The Creative Director
In this edition of Building Your Dream Team, AWAL breaks down the who, what, when, where, and why of the creative director and why, in a world where we are increasingly saturated by words, pictures, and videos, the challenge of making an up-and-coming artist’s image stand out has become harder,…
MelodyVR Reports $14.7M Losss
Virtual-reality music startup MelodyVR has reported a loss of $14.7 million on revenues of $1,6 million in 2018. It was the first full year that its signature app was available. The company promised to focus more future efforts on mobile in addition to standalone headsets. “While VR device adoption continues…
SOCAN, RE:SOUND Join To Simplify Performance Licensing
Canadian performance rights management organization SOCAN and no-profit music licensing company RE:Sound have launched Entandem, a joint venture aimed at simplifying licensing for retailers, restaurants, nightclubs and other businesses. The new JV will allow business owners and other organizations that use music to acquire the legally-required licenses for the use…
New York Music Month Returns In June
Organizers for New York Music month announced its return for a third year. Set for June, the expanded event includes a music and technology-focused music conference, a series of free concerts in the Bronx and Queens, workshops aimed at the LBGTQ+ community, walking tours of musically significant locations in the…
THU. BRIEF: MelodyVR Loses $14.7M Loss • Facebook Boosts Original • WMG Free Music Warning • More
THURSDAY 5.9.19
Music Business News From Around The Web
Updated continuously under the More News tab
Ex-PledgeMusic CEO Benji Rogers Pens Letter Of Apology As Crowdfunder Files For Bankruptcy
PledgeMusic co-founder and former CEO Benji Rogers penned an open letter after it was announced that the troubled crowdfunder would be filling for bankruptcy. "I went back into PledgeMusic just over three months ago as a volunteer to try and help the board and team turn around and sell the…
PledgeMusic To Enter Administration As Sale Falls Through
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…