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    Home»Music News»ICON Collective Shutters After 20 Years, Citing Financial Struggles
    Music News

    ICON Collective Shutters After 20 Years, Citing Financial Struggles

    Dance-On-AirBy Dance-On-AirJune 9, 2025No Comments7 Mins Read
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    ICON Collective, a pillar of digital music manufacturing training primarily based in Los Angeles, has formally shut down. The college introduced its everlasting closure on Might twenty ninth, citing monetary difficulties as the explanation behind the abrupt transfer.

    ICON had filed for Chapter 11 chapter safety on August sixth, 2024 in an effort to restructure and protect operations earlier than finally deciding to shut. 

    “It’s with deep remorse and a heavy coronary heart that we share the information that ICON Collective can be completely closed as of Might 29,” wrote co-founder David Alexander Valencia in an announcement posted to the varsity’s web site. “ICON has confronted monetary circumstances that require a immediate closure to guard the refunds and tuition funds probably as a result of college students.”

    Though the varsity’s web site stays energetic, its official Instagram account has gone offline. A discover on the door of its Downtown Burbank campus now directs college students to an online portal for info on educational information, tuition restoration and steering. The stakes are particularly excessive for worldwide college students, who’ve simply 15 days to both switch to a brand new college or depart the nation.

    A discover posted on the door of ICON Collective’s Downtown Burbank campus.

    In a prolonged assertion, which you’ll learn in full under, ICON co-founder David Alexander Valencia revealed he’d been funding the varsity’s operations since 2022 and had kept away from taking a wage since. The latest determination by the US State Division to halt visa interviews with overseas residents, which he referred to as “devastating,” was basically a demise knell.

    “This created a right away and important influence on our projected enrollment so extreme that it made it inconceivable to proceed operations with out placing refund obligations and scholar pursuits in danger,” Valencia wrote. “That was of venture I used to be not prepared to take.”

    “I made the choice to shut ICON not out of defeat, however out of accountability,” he added. “Persevering with to function with out the flexibility to fulfill commitments to college students would have brought on higher hurt. This path, although heartbreaking, was the one method to make sure a accountable wind-down.”

    Launched in 2005 by Valencia and Christopher Wright, ICON was developed to supply a extra artist-centric method to music training. The college in 2017 earned nationwide accreditation earlier than opening a facility in 2020, serving college students each in-person and on-line. Identified for its hands-on studying setting and community-oriented tradition, the varsity turned a trusted vacation spot for aspiring DJs and digital music producers.

    Through the years, ICON helped launch the careers of many high-profile digital artists, together with NGHTMRE, SLANDER, Kayzo, Sullivan King, Kompany, Pauline Herr and the late i_o, amongst others. A number of have taken to social media to bemoan the varsity’s shutdown.

    “Icon Collective modified EVERYTHING for us.. at present is a really unhappy day for the music neighborhood in dropping such a priceless useful resource,” SLANDER wrote on X. “We need to thank everybody on the Collective for all of the blood, sweat, and tears they put into MAKING DREAMS HAPPEN.”

    “RIP Icon Collective,” Kompany wrote. “That faculty modified the course of my life and profession. Without end grateful.”

    Former scholar James Choi, who performs and produces music underneath the alias SKYFVLL, says the varsity was instrumental in shaping his profession.

    “I used to be misplaced in my artist venture earlier than ICON,” Choi tells EDM.com. “However after attending, I lastly felt a way of route that no YouTube tutorial or Reddit thread would’ve proven. I’m nonetheless actually shut with my classmates, whether or not it’s engaged on collabs or occurring songwriting journeys, and I’m actually grateful for the neighborhood that ICON gave me. It’s at ICON the place I really discovered what it meant to be an artist and to be distinctive as one. Palms down the most effective determination I made in my life.”

    You may learn Valencia’s full assertion under. Extra details about ICON’s closure will be discovered on the varsity’s website.

    Expensive ICON College students,

    Because the proprietor of ICON Collective. I need to communicate to you instantly and personally in regards to the college’s sudden closure, and supply some transparency and context throughout what I do know is a complicated and emotional second.

    First, I need to say how deeply sorry I’m. I do know this information got here as a shock, and also you deserve to grasp how and why this occurred.

    ICON filed for Chapter 11 reorganization in November of final 12 months to not shut down as in CH 7, however to restructure and protect the varsity. On the time, I used to be preventing a authorized battle to achieve full possession after the previous proprietor stepped away from supporting operations. I bought all the things and liquidated my life financial savings to make that doable, as a result of I really believed within the mission and the neighborhood we’ve constructed right here.

    For the previous two years, I’ve been funding operations out of my very own pocket and haven’t taken a wage since 2022. As a substitute, I invested my life financial savings again into ICON, to provide ICON an opportunity to thrive. Once I formally gained possession in February 2025, I instantly started working with strategic companions to take ICON to its full potential within the new campus.

    However this previous week, an sudden and devastating growth occurred: the U.S. State Division halted visa interviews for worldwide college students. This created a right away and important influence on our projected enrollment so extreme that it made it inconceivable to proceed operations with out placing refund obligations and scholar pursuits in danger. That was of venture I used to be not prepared to take.

    I made the choice to shut ICON not out of defeat, however out of accountability. Persevering with to function with out the flexibility to fulfill commitments to college students would have brought on higher hurt. This path, although heartbreaking, was the one method to make sure a accountable wind-down.

    I perceive this brings uncertainty for you. Please know that we’re working to make sure college students obtain clear steering on refunds, transcripts, and teach-out choices. Updates can be posted on this web page so verify again repeatedly. It should take just a few days to offer the State with all of your information together with the refunds as a result of you to allow them to course of your accounts. We’ll replace a timeline within the FAQ under as we full the method. You will have as much as 4 years to assert your refunds if one is due. For college students that paid for ICON Rising or just despatched deposits for future begins, we are going to contact you shortly to offer your refund instantly.

    ICON was by no means only a college, it was, and at all times can be, a collective of artists, creatives, and heroes. That spirit lives on in all of us. The collective isn’t outlined by partitions or buildings, it’s outlined by the eagerness we’ve shared and the neighborhood we’ve created. I’m extremely happy with what we constructed collectively, and I thanks for carrying that legacy ahead in your individual work and journey.

    I hope this added transparency reassures you that we’re doing all the things in our energy to honor our monetary duties to you and to make sure this course of is dealt with with integrity and care.

    Thanks for being a part of this journey. It has meant all the things to me and the household I name ICON Collective.



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