Crowd-funding organisation PledgeMusic has gone into liquidation after plans to sell the company recently fell through.
The move could mean that a number of artists who've used the service will stand to lose various sums of money.
The High Court of Justice has now issued an order of closure against the company, which came into effect on Wednesday, July 31st. The company's website has now been replaced by the message, "As a result of the making of the order, the Official Receiver becomes liquidator of the company. Any enquiries should be forwarded to [email protected], quoting reference LQD5671373."
PledgeMusic launched in 2009 as a resource for helping musicians to fund music-focused projects. In the years since however, it has been accused by some of its users of failing to deliver money to artists.
A winding up order was made against https://t.co/knmvnaNI1N Limited in the High Court of Justice on 31 July 2019. The Official Receiver is now liquidator of the company. Any enquiries should be sent to [email protected], quoting reference LQD5671373. pic.twitter.com/ktcxnIKZyp
— PledgeMusic (@PledgeMusic) August 5, 2019