Bandcamp has revealed that more than $20 million in sales went directly to artists across the four fee-waiving days that have taken place on the platform in 2020, which allows musicians and labels to claim 100 per cent of the revenue made from sales on the website. The initiative was announced in March of this year when Bandcamp waived its revenue share for all sales made in 24 hours as a way to support of artists using the platform following the onset of the pandemic. On the first fee-free Friday, artists earned $4.3 million, with almost 800,000 items sold through the platform.
To further support artists through the economic crisis of the pandemic, Bandcamp revealed will continue to host fee-waiving Bandcamp Fridays once monthly for the rest of 2020.
Writing on its website, Bandcamp said: “[The $20 million in sales is] incredible, but just as amazing is that since the pandemic hit in March, fans have bought more than $75 million worth of music and merch directly from artists and labels, and to date, fans have paid artists over half a billion(!) dollars on Bandcamp.
“It’s a good reminder that Bandcamp Fridays are really an extension of what Bandcamp is about every day. Thank you to all the artists and labels who shared their music with us, and the fans who spent their hard-earned coins to support the artists they love.”
Bandcamp Fridays will be held on the first Friday of each month from midnight to midnight Pacific time. See the list of dates below.
August 7, 2020
September 4, 2020
October 2, 2020
November 6, 2020
December 4, 2020