PledgeMusic to be wound up amid inquiry calls
UK Music deems PledgeMusic liquidation “entirely unsatisfactory”, seeking measures to avoid similar incidents affecting artists in future
News By | 31 July 2019
Crowdfunding platform PledgeMusic is to be liquidated, as UK Music urges government action to prevent a repeat of the “scandal” that has left hundreds of artists out of pocket.
As reported in the London Gazette and first spotted by Music Technology Policy, a Royal Courts of Justice judge today (31 July) granted an order to wind up the beleaguered company, which has failed to pay artists that raised funds through its platform. The artist-to-fan marketplace suspended operations months…
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