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Home > UK music industry unites to support artists and businesses impacted by the collapse of PledgeMusic  

UK music industry unites to support artists and businesses impacted by the collapse of PledgeMusic  

– Impact survey launched today to help coordinate assistance to those facing difficulties following the crowdfunding platform’s collapse

– Survey can be accessed here and closes on June 25th

– Additional advice shared by AIM, FAC, Help Musicians UK and Music Support

Wednesday June 5th

A group of music trade organisations and charities have today united in a bid to support UK artists and businesses impacted by the collapse of PledgeMusic – launching an impact assessment survey to understand all those financially affected.

Closing at 12pm on Tuesday 25th June, the survey, hosted by the Musicians’ Union (MU), can be accessed here and should be completed by individuals and businesses alike.

Promoted jointly by UK Music, Music Managers Forum, Musicians’ Union, the Association of Independent Music, Help Musicians UK, PRS Foundation and International Showcase Fund partners, including British Underground, PRS Members’ Fund, the Music Producers Guild, The Ivor’s Academy, Featured Artists Coalition, Music Support, and the BPI, information provided by the survey will help industry better understand the scale of the fallout from Pledge’s collapse and help ensure artists and businesses are given the support they require.

The organisations have published the following joint statement:

“As organisations who want to see the music industry thrive, we are deeply disappointed that PledgeMusic has announced its bankruptcy leaving artists and fans out of pocket and with little communication or advice on how to deal with campaign disruption.

“The failure of PledgeMusic to appropriately ring-fence artist and fan money has the potential to damage artists’ careers and their relationships with fans and fellow creators if they can’t deliver on stalled campaigns.

“Individually, each of our organisations have been working hard to support our members during this difficult time. However, in order to consider collective action we have launched an industry-wide survey to assess the impact of the PledgeMusic closure.”

The survey is backed by UK band Jesus Jones, who used PledgeMusic to fund release of their forthcoming album Voyages, and have subsequently helped spearhead the artist community’s reaction to the platform’s collapse.

Jesus Jones commented:

“As a band who’ve been affected by the collapse of PledgeMusic, it’s really gratifying to see a strong industry-wide response taking place. As artists, as fans, as people who’ve come to realise the potential strength of crowdfunding, it’s vital that we all stand together, and rebuild confidence – and also seek to ensure that Pledge are held accountable for betraying such a vital bond of trust.”  

Nicky Carder from the Music Managers Forum stated:

“Since the announcement of the PledgeMusic bankruptcy, we have had numerous calls from members whose artists have been impacted. We urge all UK artists affected to fill out the survey, so the industry can work collectively to assess what next steps can be taken”

Alongside the survey, industry umbrella body UK Music is seeking an investigation from the Competition and Markets Authority in relation to PledgeMusic and is raising the case with Ministers and MPs to identify steps to ensure this perilous situation is not repeated in the future.

For more information visit the UK Music Website

Accessing further support:

If you belong to any of the membership organisations listed above, you can get in touch with them directly for additional help and advice. You do not need to be a member of any of the listed organisations to contribute to the survey.

The Association of Independent Music has published general guidance for those affected by the closure of PledgeMusic here: https://www.aim.org.uk/#/news/pledgemusic-statement—aim-guidance

If you are in financial crisis and in need of immediate support (including debt support), please contact Help Musicians UK: www.helpmusicians.org.uk

Help Musicians UK also run a helpline offering mental health support: www.musicmindsmatter.org.uk

Music Support is a registered UK charity providing help and support for individuals in any area of the UK music industry affected by mental health issues, addiction or emotional and behavioural health disorders. Freephone helpline: 0800 030 6789 (24hr) / www.musicsupport.org