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Since the first Friday of each month since March, Bandcamp has waived their cut of sales though the site to help out artists who were rapidly losing income because touring had been (and still is for the most part) grounded. According to the site, these nine days added up to 40 million dollars in sales. “If you’re among the 800,000 fans who participated, thank you,” they wrote.
The site notes that tours will still be grounded in the coming months despite vaccines making their way to the U.S., making Bandcamp Friday still necessary. The site will still host the event until May 2021. The upcoming dates include February 5, March 5, April 2, and May 7. Because it would fall on New Year’s Day, there is no Bandcamp Friday for January. Visit isitbandcampfriday.com for more details.
If you’re curious how much money reaches the artist or label, the site states: “on Bandcamp Fridays, an average of 93% of your money reaches the artist/label (after payment processor fees). When you make a purchase on any other day of the month (as 2.5 million of you have since March, buying an additional $145 million worth of music and merch) an average of 82% reaches the artist/label.”
In addition to last month’s announcement of Bandcamp Live, it seems the site is a gift that keeps on giving.
Written by: Maria