×
You will be redirected back to your article in seconds

PledgeMusic Sends Message to Artists, Offers Data From Platform

PledgeMusic, the direct-to-fan marketplace that is headed into administration (the British equivalent of bankruptcy), today posted a note to artists and fans, offering the ability for artists to download their data from the platform.

A source tells Variety that more information will be coming once an administrator is named — when that happens, at some point in the coming weeks, artists can apply to become official creditors. That situation is referenced in today’s post:

“To the Artists and Fans of PledgeMusic,” the post reads. “As many of you know, PledgeMusic suspended operations a number of months ago. The company continues to work with outside counsel on the most appropriate next steps, and we will update you with those specifics as we get more information.

“For you artists, we have prepared a link for you to download your data from the platform here. Click “Download All” (Please note that due to volume these might be slower than usual to process.)

“For you Pledgers, you can download your past releases archive from here.”

It is signed by the PledgeMusic Board.

Led by cofounder Benji Rogers — who left Pledge in 2016 when it was thriving, and returned early this year in an ultimately futile attempt to salvage it — the company was holding out hope that it might find a buyer until last week, when the primary candidate pulled out and administration became inevitable. Sources have told Variety that some questionable business decisions by the management team that succeeded Rogers caused the company to fall into financial peril, from which it never emerged.

Once the company goes into administration, its assets presumably will be sold off to the highest bidders, but it seems unlikely that there will be enough money to cover the entire amount owed to artists, which sources estimate is between $1 million and $3 million — in short, many artists probably never will receive the money that is owed to them. The assets were detailed in a leaked letter from a company that may be its administrator. Variety was the first to report the company’s legal troubles, and in subsequent articles detailed how artists of all stripes were being impacted.

 

Popular on Variety

More Music

  • Saweetie

    Saweetie's 'My Type' Is a Smash, but Is it Too Provocative for Top 40?

    Saweetie’s “My Type” is a smash. The high-energy, up-tempto, bad bitch anthem has proven to be an undeniable force. Having won the hearts of TikTok users, radio (rhythmic, urban and now Top 40, logging more than 81,000 combined spins, according to Mediabase) and streaming, where BuzzAngle Music records 160 million U.S. streams to date and [...]

  • Editorial use only. No book cover

    Peter Coyote Riffs on 'Country Music' and How He Admires and Challenges Ken Burns

    Though an instantly recognizable face from films such as “E.T. the Extra-Terrestrial,” “A Walk to Remember” and “Erin Brockovich,” it is Peter Coyote’s voice — a coolly authoritative baritone with a Zen master’s holy roll — that has endeared him to documentary lovers and makers. Alrhough director-writer Alex Gibney used Coyote’s wisened narration for “Enron: [...]

  • SAG-AFTRA HQ

    SAG-AFTRA Reaches Deal With Record Labels on Music Videos

    SAG-AFTRA has reached an agreement with the major record labels on a three-year successor contract to their music video agreement. The union announced Friday that the deal achieves important economic and safety gains for performers working in music videos. Details of the new agreement will not be released until after it is reviewed by the [...]

  • Album Review: Samantha Fish’s ‘Kill or

    Album Review: Samantha Fish’s ‘Kill or Be Kind’

    At a time when rock music remains in a deep recession — to put it politely — there are few more encouraging sights to see than a badass, slide-guitar-wielding female from Kansas City lobbing some blueswailing rock and roll. That’s exactly what Samantha Fish has been serving up for the better part of a decade, [...]

  • Rob Stringer

    Sony Music Chief Rob Stringer on Sustaining Growth and Recovering From the 'Dark Times'

    The Goldman Sachs Communacopia conference, now in its 28th year, gives top executives at major companies the opportunity to make their case to investors — and the Goldman analysts the opportunity to keep things on the up and up. While the analysts don’t necessarily grill the executives, they don’t lob softball questions either. That was [...]

  • AMERICAN IDOL - "119 (Grand Finale)"

    Ryan Seacrest to Return for 'American Idol' Season 3 on ABC

    Ryan Seacrest will return as the host of “American Idol” for the music competition’s third season on ABC. Seacrest will also continue hosting and executive producing “On Air with Ryan Seacrest,” his nationally syndicated L.A. morning drive-time radio show. He also serves as co-host and executive producer on ABC’s “Live with Kelly and Ryan,” as [...]

  • Nicole Scherzinger71st Annual Primetime Creative Arts

    Pussycat Dolls Reunion Coming Sooner Than Expected

    According to a source close to lead singer Nicole Scherzinger, the Pussycat Dolls will be reuniting sooner than previously expected — she’ll be back in the studio to record new music for the group starting today. Another source says that Scherzinger bought part of the rights to PCD from choreographer Robin Antin, who founded the [...]

More From Our Brands

Access exclusive content