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…
Category archives: crowdfund
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…