Kickstarter has acquired Drip, a subscription-based service that helps independent labels, musicians, and fans build a community and connect.
The service was set to shut down on March 18th, but Kickstarter acted at the last minute, picking up the company to ensure that the service survives. It will be interesting to see what Kickstarter has in store for the service; it marks Kickstarter's first acquisition.
Kickstarter says that Drip will continue to operate and that little will change initially.
Drip was founded in 2011 as a means to bridge the gap between independent artists and their communities. It lets artists engage with fans and open up dialogue, allowing them to share new music and previews with followers. Fans could directly support their favourite musicians and bands, which is exactly what Kickstarter is all about.
Kickstarter's announcement post says, "Together we’ll all be able to serve creators, creativity, and our communities more powerfully." It adds, "This is just the beginning."