It was just last month when Drip, a music-streaming service and fan community for indie labels, announced that it would be shutting down on March 18th. But then, Kickstarter came in and saved the day by making the direct to fan artist and label subscription service their first ever acquisition.
Drip was founded in 2011 by Sam Valenti IV and Miguel Senquiz to link independent artists and their communities, allowing fans to directly support their favorite musicians, which is pretty much in step with Kickstarter’s ideology.
The company then grew into a full-loaded streaming and download service with exclusive content like rare tracks and exclusive videos for high-profile indie labels such Stones Throw Records, Dirtybird Records, Fool’s Gold Records, Now-Again, Morr Music, Domino Records, and Valenti’s label Ghostly International.
“The [Drip] service, community, and creators will remain active and my co-founder Miguel Senquiz will join the team at Kickstarter to see Drip’s vision through,” he wrote on Medium.
Kickstarter CEO and co-founder Yancey Strickler said many at the company had “admired Drip over the years.”
“At heart, we’ve been on similar paths. Strengthening the bonds between artists and audiences, and fostering the conditions for a more vibrant creative culture is at the core of our work at Kickstarter, too,” he explained.