Bandcamp set to give away their revenue share to support struggling artists
Music platform Bandcamp have announced they will be giving away their revenue share on sales for one day in a bid to support artists during the coronavirus outbreak.
Industries across the board are feeling the effects of the global pandemic and while some measures have been put in place to protect small businesses a lot of musicians and artists will feel the brunt of the damage.
With no tours or festivals looking likely for the foreseeable future, musicians have been hit incredibly hard by COVID-19 outbreak. Now, Bandcamp have waived their cut of the sale so on their site for one day to help out those in need.
On Friday 20th March, for 24 hours, the funds from every purchase will go directly to the artists without the platform taking their usual cut. Bandcamp also promises artists will receive their full share of sales within 24 to 48 hours.
While it may seem a small gesture it could have big ramifications for some artists and we urge you all to pick yourself out a treat on Friday.
Ethan Diamond, Bandcamp CEO, has called for an urgent policy to help protect those in the music industry, releasing a statement alongside the new announcement.
He wrote: “For many artists, a single day of boosted sales can mean the difference between being able to pay rent or not. Musicians will continue to feel the effects of lost touring income for many months to come, so we’re also sharing some ideas below on how fans can support the artists they love and how artists can give fans new, creative ways to provide support. It may sound simple, but the best way to help artists is with your direct financial support, and we hope you’ll join us on Friday and through the coming months as we work to support artists in this challenging time.”
Diamond’s full statement can be found here, alongside different ways to help out artists the best you can.
The ongoing pandemic of coronavirus disease was first officially identified in December 2019 in Wuhan, the capital of Hubei in China. As of 16 March, more than 173,000 cases of COVID-19 have been officially confirmed but the actual number is thought to be much higher due to substantial under-reporting of cases.
With more than 6,600 people having died from the virus, COVID-19 has now spread into more than 150 other countries—including mainland Europe, South America and North America. Given the exponential growth in cases in countries like Italy and Spain, the WHO have now stated that Europe was the current centre of the pandemic.