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‘Bandcamp Fridays’ have raised over $40 million for artists and labels in 2020
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nme.comBandcamp Fridays initiative has raised over $40 million (£29.68 million) in 2020 for artists and labels during the coronavirus pandemic.The online music platform and distribution service launched the initiative back in March to aid those musicians whose livelihoods have been disrupted by the pandemic, with Bandcamp waiving their revenue share to ensure that as close to 100% of the profits as possible from fan purchases, downloads and merch goes directly to artists and labels.Following nine successful Bandcamp Fridays, Bandcamp confirmed yesterday (December 15) that their initiative has helped raise over $40 million for artists and labels this year.The site also confirmed that they will continue to stage Bandcamp Fridays in 2021, with the.
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