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PledgeMusic Owes Artists Thousands of Dollars

Discussion in 'Article Discussion' started by Melody Bot, Jan 24, 2019.

  1. Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from for discussion. All of the forum rules still apply.

    Colin Stutz, writing at Billboard:

    According an anonymous former employee who wished to remain anonymous, the root of these problems is improper money management where PledgeMusic failed to hold artists’ campaign funds separately and securely and instead invested it back into the company. The idiom “robbing Peter to pay Paul” came up in many conversations describing PledgeMusic’s actions and as the company’s growth slowed the situation worsened. Over the last year, according to the former employee, in effort to reduce overhead, PledgeMusic also laid off about a third of its U.S. staff and moved out of its New York offices into a WeWork shared workspace.

  2. Davjs


    This is such bad news. I wonder how many artists were effected and just not saying anything.

    I got one of my favorite albums in the last few years from Pledge, so I hope this doesn't make bands turn away from doing things like this in the future.
    Raku likes this.
  3. Oh dear goodness this is awful
    Davjs likes this.