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PledgeMusic Suspends Active Campaigns

Discussion in 'Article Discussion' started by Melody Bot, Feb 7, 2019.

  1. Melody Bot Feb 7, 2019
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    PledgeMusic has stopped running active campaigns:


    We are in discussions with several interested parties about a potential partnership with or acquisition of PledgeMusic. These conversations, if successful, would lead to a transaction which would allow us to meet all of our outstanding obligations. As a result, we are hopeful that, as long as the company is given some breathing space to operate, a solution to these current problems will be found.
    ​

    Yikes.

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  2. Merve Feb 7, 2019
    Merve

    Pennycan Champion

    This is bad news. It was good to have a dedicated crowdfunding platform for music; on Kickstarter and Indiegogo, musicians will get lost in the shuffle. Some bands have experimented with Patreon-like subscription models on Bandcamp, but I don't know if that's the right way forward.
     
    Raku and Davjs like this.