Tuesday 23 August 2011, 12:18 | By

PledgeMusic scores first chart hit

Business News Digital

Pledge Music

Fan-funding facilitators PledgeMusic are celebrating the improbable commercial success of Charlie Simpson’s debut solo album ‘Young Pilgrim’, which, despite having most of its stock destroyed in the recent riot-fuelled fires at Sony’s DADC warehouse, entered the UK Album Chart at number six over the weekend.

‘Young Pilgrim’ received the majority of its funding via PledgeMusic, who orchestrated an interactive campaign whereby over 500 fans contributed costs in exchange for limited edition EPs and various other exclusives.

Craig Jennings, well-chuffed CEO of Charlie’s management company Raw Power Entertainment, said this: “We are delighted to achieve a top ten album with ‘Young Pilgrim’, and it would not have been possible without PledgeMusic putting together such a great direct-to-fan plan to launch the project. This is an example of the PledgeMusic model working perfectly”.

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