Bandcamp is waiving its revenue shares again today
The Bandcamp community raised over $4million when the platform waived its shares several weeks back.
In an effort to support independent artists and labels affected financially by the COVID-19 pandemic, Bandcamp waived its revenue shares on Friday 20 March 2020. This meant that artists and labels received the full amount from every purchase made on the site. After a record-breaking day, the platform has announced it will do the same today, 1 May, after receiving requests from the community.
Co-Founder and CEO of Bandcamp, Ethan Diamond says on the site: “On March 20, 2020, we waived our revenue share in order to help artists and labels impacted by the pandemic. The Bandcamp community showed up in a massive way, spending $4.3 million on music and merch—15x the amount of a normal Friday— helping artists cover rents, mortgages, groceries, medications, and so much more. It was truly inspiring.
But the pandemic and its impact on the music community aren’t over, so today, as well as on June 5, and July 3 (the first Friday of each month), we’re waiving our revenue share for all sales on Bandcamp, from midnight to midnight PDT on each day.
It may sound simple, but the best way to help artists is with your direct financial support, and we hope you’ll join us through the coming months as we work to support artists in this challenging time”.
Countless concerts, festivals and events have been affected by the pandemic, which is having a knock-on effect to the rest of the industry. We recently spoke with sound technicians in Australia who felt this impact first-hand, which you can read here.
This page will be updated as we receive more information. For more info on Bandcamp, visit bandcamp.com
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