PledgeMusic suspended all crowdfunding<\/a>\u00a0campaigns on the platform, promising to “resume them shortly.”\u00a0 By mid-summer, the company ran out of options and filled for liquidation.<\/p>\nPledgeMusic’s shutdown affected hundreds of musicians and record labels who are owed between $3 million and $10 million collected from fans in exchange for music and merchandise that many of the artists feel obligated to somehow pay for and deliver.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
LONDON (Hypebot) — The Official Receiver named to oversee the liquidation of\u00a0\u00a0PledgeMusic.com Ltd had “no update” when contacted this week by Hypebot. A spokesperson for the Official Receiver, who was appointed on July 31st by a UK court, told Hyepbot: \u201cThe Official Receiver was appointed liquidator of PledgeMusic.com Limited in the High Court on 31<\/p>\n","protected":false},"author":29,"featured_media":64055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_stc_notifier_status":"sent","_stc_notifier_sent_time":"2019-10-09 17:45:33","_stc_notifier_request":false,"_stc_notifier_prevent":false,"_stc_subscriber_keywords":"","_stc_subscriber_search_areas":"","footnotes":""},"categories":[22,79,77],"tags":[1330],"class_list":["post-82118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry_news","category-legal-news","category-techn-news","tag-pledgemusic"],"acf":[],"yoast_head":"\n
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