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Bandcamp Waives Revenue Share for 24 Hours

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Bandcamp Waives Revenue Share for 24 Hours

Image from Bandcamp

Bandcamp Waives Revenue Share for 24 Hours

The platform plans to forgo all profit on March 20 in the interest of artists affected by the global pandemic

Bandcamp is pledging to waive the revenue share for 24 hours (midnight to midnight, Pacific time) on Friday, March 20 in order to “put much-needed money directly into artists’ pockets”. This is following cancellation of tours, concerts, and even bar gigs, which left many artists unsure of where their next check is coming from.

“The COVID-19 pandemic is in full force, and artists have been hit especially hard as tours and shows are being canceled for the foreseeable future,” says Bandcamp co-founder and CEO Ethan Diamond in a statement on the platform’s website, “for many artists, a single day of boosted sales can mean the difference between being able to pay rent or not.”

To learn more about Bandcamp’s plan, check out the full statement:

The Covid-19 pandemic is in full force, and artists have been hit especially hard as tours and shows are being canceled for the foreseeable future. With such a major revenue stream drying up almost entirely, finding ways to continue supporting artists in the coming months is now an urgent priority for anyone who cares about music and the artists who create it. The good news is that we’re already seeing many fans going above and beyond to support artists across Bandcamp.

To raise even more awareness around the pandemic’s impact on musicians everywhere, we’re waiving our revenue share on sales this Friday, March 20 (from midnight to midnight Pacific Time), and rallying the Bandcamp community to put much needed money directly into artists’ pockets.

For many artists, a single day of boosted sales can mean the difference between being able to pay rent or not. Still, we consider this just a starting point. 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.

Ethan Diamond
Co-Founder & CEO
Bandcamp

 

More information is available on Bandcamp’s website.

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Ryan J
Ryan J , Executive Producer
Portland, OR He/Him

Ryan is a multi-hyphenate digital creative/creator and the founder of downinthepit. You can reach him at [email protected] #catchyouinthepit

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