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…. Continue Reading

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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… Continue Reading

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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… Continue Reading

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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… Continue Reading

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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… Continue Reading

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No Bankruptcy, No Refunds, No Liability — PledgeMusic Files Wind Up Order, Absolving Executives of Any and All Wrongdoing

PledgeMusic is pulling a sneaky disappearing act. Aiming to completely disappear into the middle of the night, the crowdfunding platform’s executives shut down the website last week. This came months after PledgeMusic reportedly froze artists’ funds an… Continue Reading

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L7 Pledges Legal Action Against PledgeMusic

In an open letter to fans, indie band L7 summarized their own experience and those of other musicians: "in a nutshell, the funds that many bands and their supporters raised through the crowdfunding platform were absconded by the company with zero accountability and unreturned legal appeals." Thanks to help from… Continue Reading

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Miss Anything? REWIND: The New Music Industry’s Last Week In Review

In this tick back through a busy week in the music industry, we revisit the shuttering of PledgeMusic’s website, Live Nation’s acquisition of Latin concert giant OCESA, the latest milestone by ‘Old Town Road,’ and more. PledgeMusic Takes Website Offline 6 Tales From ‘Spotify Unknown’ Of Near Misses, Aborted Acquisitions… Continue Reading

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PledgeMusic says "All data has been preserved"

PledgeMusic pulled its web site offline Thursday leaving artists without the ability to access and download previous fan and order data. The shuttered service now says that all data has been preserved and will be made available soon. Overnight this line was added to PledgeMusic’s front page: "All data has… Continue Reading

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