It has been a week since we announced the insane news that PledgeMusic spent all open artist campaign funds . That’s right, a massive chunk of funds you pledged to complete our album have “vanished”. News today of an established artist who have lost so much they are being forced to call bankruptcy due to not being able to pay all production bills which are around 200k mark. Heart break situation for 1000s of artists. This industry does not look after us artist. Look at the artist suicide rate. It’s appalling. Do you just give up? Or continue to ride through all the shit?
After a long PledgeMusic album fan fundraising campaign it pains us to report that PledgeMusic have suspended ALL funds for ALL campaigns worldwide. Over recent weeks, the news has been hitting main stream music press and has become a terrifying situation for us as a band as we were gearing up for a new album release. It is our understanding that artists' funds raised have been recklessly taken/spent by the crowdfunding platform. On Sunday 10th March, 2pm (AEST) we are holding a live Facebook video to answer any of your Questions and discuss what we know of the situation to date.