“On most first Fridays of the month since March of 2020, we’ve waived our revenue share to provide additional support to the artists and labels who form the backbone of Bandcamp’s community and without whom we would not exist. Over the course of those 26 Fridays, fans have spent more than $91 million dollars, and participation has remained consistently high, with each Bandcamp Friday generating millions of dollars of extra income for artists and labels.
So, we’re going to keep a good thing going in 2023, and will hold the next Bandcamp Friday on February 3rd. We’ll share dates for the rest of the year soon.
Different from most other digital music platforms, Bandcamp has always done their best to serve the artist – rather than the people (and their money) behind the company.
Since the Covid-19 virus starting affecting people around the planet Bandcamp has gone above and beyond to help independent artists from around the globe who have struggled financially because of lockdowns and restrictions.
Since the pandemic began Bandcamp has raised 161 million dollars for artists around the globe through their Bandcamp Friday initiative.
Now, Bandcamp has created a new platform that allows artists to set up a live streaming event for their fans which will definitely enhance their opportunities especially during these times.
CEO Ethan Diamond explains: “When the pandemic eliminated a major source of musicians’ income, we immediately began working on ways to help the artists and labels on Bandcamp, without whom we would not exist. We started with Bandcamp Fridays, a day each month where we waive our revenue share, and so far those have raised $35 million in just 8 days (that’s in addition to the $126 million fans have paid artists via Bandcamp since the pandemic began). Bandcamp Live is the next step in our effort to help our community thrive during this crazy time. Streaming will never replace the experience of in-person performances, but we believe it’s the next best thing, and will provide artists with a powerful tool to build and connect with their fans both now, and when Covid is behind us and we’re all out enjoying the magic of live music once again.”
“Finally, pricing is completely transparent. We don’t pretend our ticketing service is free and then surprise your fans with a “convenience fee” when they check out. You set your ticket price to whatever you want, and that’s what your fans are charged. Our fee is 10%, and we’re waiving it entirely until March 31st, 2021.”
On March 20th, 2020, which was a Friday, Bandcamp decided to waive their revenue share from all sold music in order to support independent musicians that are being tremendously affected by the global Covid-19 virus.
The result: fans bought 4.3 million dollars worth of music which is 15 times the normal Friday. This global initiative helped artists around the world to pay their rent, pay their medical bills and so much more. This was a unique and incredible feat.
But the virus and the crisis is still going strong and so Bandcamp has decided to up their game and waive their revenue share on three upcoming dates: the first Friday of the next three months, May 1st, June 5th and July 3rd.
If you want to support independent musicians around the world during these peculiar and difficult times then checking out awesome music on Bandcamp on the before mentioned dates is a great start.