Pledge Music Campaign
With an unhealthy dose of anger, frustration and sorrow I must inform you that we will be cancelling our PledgeMusic campaign today (1/25/19) at 12:00 CST. We have recently been made aware that Pledge Music has been defaulting on artist payments over the past 18 months and the problem has only gotten worse. We originally believed that PledgeMusic was the right partner for us to launch a crowd source campaign to support the recording, mixing, mastering and printing of our debut LP – Damn The Wind. At the time we truly felt that PledgeMusic would serve as the right medium to help us get our message out to our fans and supporters and enable us to focus on the work that needed to be done to create what we hope is/will be a great record. Unfortunately, shortly after our project reached “full funding” the walls began tumbling down and we began to gain unsettling insight into the funding issues and incompetence plaguing PledgeMusic and the artists and fans whom they have taken advantage of .
Pledge Music has payment terms that are stipulated as such (copied directly from their website)
Targeted Pre-order: This is where you have a set goal to reach a financial target. We typically launch the campaign with a 60 day timeline to reach the goal, once the goal is reached, the campaign stays open until the release date (and sometimes beyond- to allow you to continue to bring in more orders). The goal must be reached in order to receive the funds, and pledgers are only charged once you reach your goal. The payment schedule works as follows:
-You receive 60% of the goal amount when the goal is reached
-You receive 25% of the goal amount when you release the download to pledgers
-You receive any funds raised above the goal (minus our 15% commission) 2 weeks after the last item is marked as shipped in the campaign.
We hit full funding on January 1st and at that moment, per PledgeMusic payment terms we should have been issued 60% of the funds raised. When we requested payment they said that payments would be delayed and that no time table could be provided on when payment would be issued. That is when we started to worry. We began to dig a little deeper and unfortunately uncovered a plethora of similar issues and challenges. I will now defer you all to the recent news articles posted on 1/24 and 1/25.
Communication stalled completely with Pledge with no answers or timelines given. The money that we raised via our PledgeMusic campaign was intended to be used to directly cover the costs of our production and printing team. Their failure to pay us the money that you all so generously contributed to our campaign has now left us past due on our own obligations to the recording studio, the mastering/mixing engineers and the merchandise/printing company. To cover those costs we have sold guitar amps, instruments and maxed out credit cards.
We have lost ALL faith in PledgeMusic as an organization. We are angry and you all should be as well.
What to do next:
1) Please, do NOT contribute to any active PledgeMusic campaigns and please pass along our story (and the story of numerous other artists) to any musician who may be considering using their platform
2) IMMEDIATELY reach out to PledgeMusic and cancel your Pledge to our campaign. I would also encourage you to reach out to your Credit Card/Bank to declare the charges as Fraudulent in order to ensure you receive a full refund (more details on this below)
3) Lastly, we humbly ask you to PLEASE head directly to our website and repurchase your original PledgeMusic package directly from us. – www.theplotthounds.com/store We have placed all of the PledgeMusic campaign offerings now directly on our website. This will ensure that your contributions will go directly to us and we will then be able to deliver and fulfill on our obligations and promises to you.
We hope this challenging issue has not caused any of you to lose faith in us. That is what we are most concerned about. We are a grass roots, fully independent, home grown band and we do this solely for the dedicated fans like yourself who believe in us and our music.
Please feel free to pick up the phone and call Noah directly..yes this is his actual cell phone number – 612-208-5191 if you have any questions or concerns and please consider re-launching your original pledge via our website directly.
Long live country music and the fans that breathe air into the creators and a big middle finger to PledgeMusic who stole from peter to pay paul with no regard to the fans or the musicians.
The Plott Hounds
Cancelling Your Pledge: (From PledgeMusic Website)
Re-order your original contribution here: