Category: Pledge Music Debacle
@hypebot: Industry Calls For Gov’t Investigation Of PledgeMusic As Crowdfunder Enters Administration
[Editor Charlie sez: Since no US-based artist rights organization has stepped up, the subheadline could easily be “Where is the US response?”]
UPDATED: UK Music CEO Michael Dugher is leading a music industry campaign demanding that Small Business and Consumer Minister Kelly Tolhurst refer PledgeMusic to watchdogs at the UK’s Competition and Markets Authority.
“UK based PledgeMusic is entering Administration, the UK equivalent of bankruptcy. The company suspended all crowdfunding campaigns on February 4th, leaving hundreds of musicians globally owed between between $1 and $3 million….
The UK Musicians Union is asking musicians who are owed money through the platform to contact them.