UK Music urges watchdog to investigate PledgeMusic
As crowdfunding platform PledgeMusic faces further crisis and artists remain unpaid, UK Music chief Michael Dugher urges CMA intervention
News By | 10 May 2019
UK Music chief executive Michael Dugher has called on small business and consumer minister Kelly Tolhurst to refer PledgeMusic to watchdogs at the Competition and Markets Authority (CMA).
Dugher’s intervention comes after one of the firm’s co-founders, Benji Rodgers, warned that the music crowdfunding website was on the brink of bankruptcy. Rodgers had previously hoped to keep the direct-to-fan marketplace afloat by securing a partnership or acquisition deal.
The disclosure affects many artists who fear they will not…
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