Crowdfunder PledgeMusic Goes Offline

PledgeMusic, a direct-to-fan marketplace that suspended operations in February, and now owes hundreds of artists money for unfulfilled campaigns, has taken its service offline.

While it promised that artists would be able to access their account data, the information is currently unavailable.

The company said the data will be available again “soon.” PledgeMusic went into administration, the equivalent of bankruptcy for British-based companies, weeks ago.

According to Variety, sources say attempts to extract information from the company’s board have been unsuccessful.

The full message on its website reads:

To the Artists and Fans of PledgeMusic.
As many of you know, PledgeMusic suspended operations a number of months ago and the site is now offline.
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.
All data has been preserved and a notice with next steps will be posted on here shortly.
PledgeMusic Board

Founded in 2009, the site was designed as a way for bands to crowdfund albums, allowing fans to pitch in to preorder CDs and band merchandise, and as a distribution platform for the artists. The site collected money from fans, and held it for artists to use, collecting a fee along the way.

Source: Variety