After five years Drip calls it quits.
“At the top of the year we took a hard look at Drip, our future, and the various routes we could take to get there. Between timing, funding, and everything needed to realize this future, we made the decision that now was the time for Drip to come to a conclusion. For now, we’ll be taking this moment to regroup and refocus,” the founders explain in an open letter.
Drip (formerly Drip.fm) was originally designed with pages for handpicked artists and labels (which included Mad Decent, Skrillex’s OWSLA, Stones Throw, Ninja Tune, Domino Records and recently King Britt), though they later raised $1.5 million and opened their subscription service to artists worldwide not unlike Bandcamp or Patreon.
The site will close down one month from today in order to give members “time to export their music, data and say farewell”.