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Forums > Music: Non-Prince > pledge music goes bankrupt and artists lose all the funding given by fans.
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Thread started 07/08/19 6:07pm

JoeBala

pledge music goes bankrupt and artists lose all the funding given by fans.

This is so sad. Diane Birch lost all her funding for her new record.
https://m.facebook.com/st...3151215305

This happened two months ago and today is the first I hear of this. If this was posted before I apologize.
https://pitchfork.com/the...llions/amp
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[Edited 7/8/19 18:11pm]
Just Music-No Categories-Enjoy It!
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Reply #1 posted 07/08/19 6:36pm

whitechocolate
brotha

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OMG...how AWFUL is THIS?! I almost contributed funds to Pledge Music for the next S.O.S. Band album. Glad I changed my mind. sad

Hungry? Just look in the mirror and get fed up.
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Reply #2 posted 07/10/19 2:34pm

Cinny

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This is the reality of any record deal: Major investment into recording music, photography and video before a project is even released HOPING to make it back.

Welp, if you pledged money to sponsor a future project, it's still you that lost, not the artist.

This gal could go ahead and create whatever she wants but she needs an album sleeve at very least which probably requires some professional photography and stylist.

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Reply #3 posted 07/11/19 8:34am

2freaky4church
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P was right about that slave shit.

All you others say Hell Yea!! woot!
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Reply #4 posted 07/12/19 4:38pm

JoeBala

I never got a chance to support Diane's pledge and glad I didn't. I did fund her last effort though. I guess something was telling me not to and I glad I didn't. Hopefully she can do it with another company or just release it on bandcamp or something.
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[Edited 7/12/19 16:40pm]
Just Music-No Categories-Enjoy It!
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Reply #5 posted 07/13/19 6:14am

lastdecember

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This was happening for a bit now, got a long message from singer/songwriter indie artist Anna Nalick who did a long campaign through Pledge for her 2017 album "At Now" but ironically this is the third time she has been screwed, once after her "Breathe" song was a hit and the label wanted another single, and then created a fan/made type video, she complained about it and told them to pull it by they not only pulled the fan made video, they pulled her song of radio which was rising quickly so she disappeared literally, Second was a recent issue of identity theft, HUGE amount of stolen $, then last but not least was this. Now this is not so much the platform going bankrupt, its more about them never delivering the money pledged, they are theives pretty much, a lot of off shore "accounts" in this fund raising platform, so basically everything Anna did she had to fund out of pocket and never got paid for, basically the last few years she has been touring all over the states mostly east coast doing smaller venues, meet and greets to keep the cash flow to stay alive, she joked at a receent show that she has her friends streaming "Breathe" 10,000 times so she can buy groceries, sounds funny, but honestly thats about 10,000 streams will get you if you are lucky.


"We went where our music was appreciated, and that was everywhere but the USA, we knew we had fans, but there is only so much of the world you can play at once" Magne F
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Reply #6 posted 07/14/19 9:53am

lastdecember

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Cinny said:

This is the reality of any record deal: Major investment into recording music, photography and video before a project is even released HOPING to make it back.

Welp, if you pledged money to sponsor a future project, it's still you that lost, not the artist.

This gal could go ahead and create whatever she wants but she needs an album sleeve at very least which probably requires some professional photography and stylist.

Actually the artists in some of these cases lost depending on where they were with projects, as I mentioned in my post hearing and speaking with singer/songrwriter Anna Nalick she had to pay out of pocket to do her record, and the funding never got to her and also the giveaways that most of the aritsts do for pledge amounts Anna was doing these art creative things for fans and that also came out of her pocket, money never found its way to her. Which is why I think the term "bankrupt" is misleading here becuase Pledge was not paying people what they were pledged and simply finally got caught and now anyone with something in production its just lost


"We went where our music was appreciated, and that was everywhere but the USA, we knew we had fans, but there is only so much of the world you can play at once" Magne F
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Reply #7 posted 07/17/19 7:41pm

SoulAlive

Sheila E. and George Clinton used this method to get their last albums completed and released,if I’m not mistaken.Just shows you how difficult it is for veteran artists to get new music out there.
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Reply #8 posted 07/19/19 8:10am

Cinny

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Boo fucking hoo.

If you saw a veteran artist's royalty statements, you would wonder why they weren't all independent.

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