Musicians earned over £3.4 million after Bandcamp’s coronavirus initiative
Bandcamp has announced that artists using the platform made more than £3.47 million ($4.3m) last Friday after the site previously revealedthat they would be donating 100% of revenue to musicians to hep artists affected by the coronavirus pandemic.
The coronavirus outbreak has seen independent musicians across the globe—who heavily rely on the live circuit to make a living—reduced to severe financial difficultly after their livelihoods were taken away from them for the foreseeable future.
In response to the issue, Bandcamp confirmed that in a bid to help out, on Friday 20th March and 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.
Now, in a reflection of the initiative, Bandcamp released a statement regarding the success of the scheme: “We want to thank everyone who joined us last Friday in supporting artists and raising awareness about the impact of Covid-19 on the music community,” they said.
“The numbers tell a remarkable story: on a typical Friday, fans buy about 47,000 items on Bandcamp, but this past Friday, fans bought nearly 800,000, or $4.3 million worth of music and merch. That’s more than 15 times our normal Friday, and at the peak, fans were buying 11 items per second.
“We don’t yet know the long-term impact of Covid-19, but we know that we all need music—to uplift and inspire us, to heal us, and to give us hope,” the message concludes. “We’ll continue working to make Bandcamp the best place for fans and artists to come together and sustain each other in the challenging times ahead. Thank you again, and we wish you all good health!”
The ongoing pandemic of coronavirus disease was first officially identified in December 2019 in Wuhan, the capital of Hubei in China. As of March 23rd, more than 342,410 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 14,762 people having died from the virus, COVID-19 has now spread into more than 180 other countries—including mainland Europe, South America and North America. Given the exponential growth in cases in countries like Italy, Spain and the UK, the WHO have now stated that Europe was the current centre of the pandemic.