Business

Bandcamp Waiving All Artist Fees This Friday In Covid-19 Response

By Loudest Team
March 19, 2020
Bandcamp Waiving All Artist Fees This Friday In Covid-19 Response
In response to the Covid-19 crisis which is, amongst other things, destroying the livelihoods of musicians worldwide, Bandcamp, the music crowdfunding, marketing and direct sales platform, is waiving its customary share of sales revenue for 24 hours, on March 20. Ethan Diamond, Founder and CEO, announced the 'fundraiser' in a blog post. "Artists have been hit especially hard as tours and shows are being cancelled for the foreseeable future," he writes. "With such a significant 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.   "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. The statement goes on to say that this can only be "a starting point". "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." We'll be highlighting some of our favourite Bandcamp acts over the next few days, and if you can afford to, we urge you to support them, or your favourite artists.  

Related News

Warner Music Faces Sharp Decline Amid Slowing Streaming Growth

The record label posted a net income of $48 million for the quarter ending September 30, marking a significant 69%....

November 22, 2024

Spotify Reports Record Operating Profit In Q3 2024 As Premium...

This marks a year-on-year increase of 12% for premium subscribers and 11% for free users, bringing Spotify’s total monthly active....

November 14, 2024

Saregama India Reports 6.2% Fall In Q2FY25 Net Profit To...

For the quarter ending September 30, Saregama reported a revenue surge to Rs 241.83 crore, up from Rs 172.35 crore....

November 06, 2024

Universal Music Group Partners With KLAY Vision To Develop Ethical...

Universal is currently engaged in litigation with Anthropic AI and Suno and Udio over the use of the label's recordings....

October 29, 2024