Kickstarter saves struggling Drip music service at last minute - CNET

Despite aouncing the company would close tomorrow, music subscription service Drip has been saved at the eleventh hour by crowdfunding platform Kickstarter.

Drip aounced in February that after five years it was due to close its doors on March 18. However, Kickstarter aounced today on its blog that Drip cofounder Miguel Senquiz would continue operations as part of Kickstarter. Unusually the deal isn't part of a Kickstarter crowdfunding bid but was seemingly instigated by the company itself.

The Drip service began in 2011 as a kind of "digital record club" -- for around $10 per label, subscribers received several digital releases each month from record companies such as Domino and Sub Pop. The service has since expanded its service to include individual artists as well as record labels.

Recently the service was notable for hosting They Might Be Giants' revamped "Dial-A-Song" Direct service. Subscribers paid a flat fee of $30 to Drip for a song a week for the entirety of 2015. The band has since released several albums "gleaned" from these 52 songs.