This week’s most often read articles on Hypebot covered how the music industry can integrate TikTok into its artist marketing strategies, the unlikely prospect of artists getting paid by defunct, deeply indebted PledgeMusic, the benefits of Spotify’s new replay playlists, and more. How The Music Industry Can Incorporate TikTok Into…
Category archives: PledgeMusic
PledgeMusic Owes $9.5M Leaving ‘Little Prospect’ That Artists Will Be Paid says UK Court
[UPDATE] PledgeMusic entered liquidation with $9.57 million in debt and assets worth just $20,000, according to court documents obtained by Hypebot. With an "estimated deficiency" of $9.5 million and secured creditor Sword Row, LLC first in line, there is "little prospect" that artists and other creditors will be paid, according…
REWIND: The New Music Industry’s Week In Review
In this flip back through the past week’s music industry news, we look at Bandsintown’s launch of its first-ever predictive touring charts, Tencent’s new paywall (with more to come), which musicians have the most fans on Facebook, and more. Bandsintown Launches First-Ever Predictive Touring Charts For Established and Emerging Artists…
PledgeMusic Bankruptcy Receiver Has ‘No Update’ 2 Months After Appointment
The Official Receiver named to oversee the liquidation of PledgeMusic.com Ltd had "no update" when contacted this week by Hypebot. A spokesperson for the Official Receiver, who was appointed on July 31st by a UK court, told Hyepbot: “The Official Receiver was appointed liquidator of PledgeMusic.com Limited in the High…
REWIND: The New Music Industry’s Week In Review
Before moving on to what will surely be another full week of music industry events, we look back on why Spotify and others should be worried about a recession, new record news from T Swift, the Dept. of Justice’s backing of Led Zeppelin in their ongoing copyright dispute, and more….
Here Is The Form You Need To Fill Out Now If PledgeMusic Owes You Money
UPDATED: As part of part of our ongoing investigation into PledgeMusic and its recent insolvency filing, Hypebot contacted the UK government’s Insolvency Service to learn the procedures and deadlines for the artists, labels and fans owed money to file a claim, as well as exactly what PledgeMusic assets were available…
How To Contact The Court If PledgeMusic Owes You Money plus Confirmation That An Investigation Is Underway
Late last week, a court-approved the "winding up" of PledgeMusic. It’s the UK equivalent of liquidation to cover debts, and while the few assets still held by PledgeMusic are likely to go for pennies on the dollar, this sale marks the last hope that thousands of artists, labels and fans…
Hinting Musicians May Never Receive Their Payments at All, PledgeMusic Co-Founder Benji Rogers Pens Apology Which ‘Breaks My Heart’
In May, PledgeMusic’s embattled co-founder Benji Rogers issued a ‘heartfelt’ apology. After nearly a year of promising to return artists’ money “within 90 days,” the apparently regretful co-founder confirmed the troubled British crowdfunding platform w…
FRI. BRIEF: Spotify Takeaways, PledgeMusic Court Update, ICM Partners For Discovery, More
FRIDAY 8.2.19
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Court Allows PledgeMusic To Sell Off Assets, UK Music Industry Demands Investigation
PledgeMusic was in a UK courtroom yesterday to begin the process of "winding up" the company, the UK equivalent of liquidation of remaining assets. A UK judge has approved the process. Investigation Called For At the hearing, trade group UK Music called for an investigation, pointing out that the court…