Bandcamp has been actively supporting artists on the platform since the very start of quarantine, when the music distribution site announced that it would waive the 10% to 15% revenue fees that it usually collects to give back to artists on “Bandcamp Fridays.” After hosting four revenue share days since the start of quarantine, Bandcamp has put more than $20 million into the pockets of artists and labels.
According to the distribution platform’s co-founder/CEO, Ethan Diamond,
“fans have bought more than $75 million worth of music and merch[andise] directly from artists and labels, and to date, fans have paid artists over half a billion(!) dollars on Bandcamp.”
In celebration of these achievements, Bandcamp will continue to host a revenue share day on the first Friday of each month throughout 2020. The next “Bandcamp Friday” will take place on August 7, 2020, with succeeding revenue days set for September 4, October 2, November 6, and December 4 of 2020. Read the company’s statement here.
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