Bandcamp will again waive its revenue for 24 hours to help artists
Bandcamp will once again be waiving its revenue share for 24 hours in a bid to help struggling artists amid the ongoing lockdown.
Last month the streaming site opted to give back it’s revenue share from purchases to aid bands and musicians who have been hit hard by the pandemic and, as a result, it was a fantastic success.
Typically, Bandcamp takes a 15 per cent cut on sales through the platform, and an extra 10 per cent on merchandise. Following last month’s success which saw 800,000 items sold (compared to an average 47,000 usually) and £3.4 million raised the site is doing it again on May 1st.
“It was an inspiring day, and we heard many requests to do it again, so we’re going to do exactly that (and a bit more),” Bandcamp CEO Ethan Diamond said in a statement. “For many artists, a single day of boosted sales can mean the difference between being able to pay rent or not.”
He added: “Musicians will continue to feel the effects of lost touring income for many months to come, so we’re also sharing some ideas…on how fans can support the artists they love and how artists can give fans new, creative ways to provide support.” More information on the event will arrive next week.
So if you had planned on purchasing something from your favourite local band to help them along, best hold on until May 1st for maximum impact.