Manus Hopkins, the Assistant Editor of Canadian Musician Magazine, brings you in-depth conversations & insider information on timely topics from around the music industry. Listen and subscribe in Apple Podcasts, Google Podcasts, Spotify, Stitcher, Pocket Casts & more. For more information contact us at: cmpodcast@nwcworld.com.
https://www.canadianmusicianpodcast.com
After PledgeMusic, Is Crowdfunding Still a Viable Option for Artists?
Dave Cool, the director of artist and industry outreach at Bandzoogle, joins us to discuss the bankruptcy of popular crowdfunding site PledgeMusic and his company's subsequent move into the space.
Bandzoogle is a Canadian company that operates globally and is known for its suite of website-building services aimed specifically at musicians. In June, Bandzoogle announced it was launching a crowd funding platform as part of its subscription services. That announcement, not coincidently, corresponded with the bankruptcy of PledgeMusic. Through the previous two years, PledgeMusic suffered a slow death, plagued by missed payments to artists and accusations of misspending by management, which raised many questions about the viability of the crowd funding model itself. So, with Dave, we get into the weeds about PledgeMusic’s collapse and why Bandzoogle thinks it has a better business model for it.