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Ethan Diamond
Jem Aswad-Senior
pandemic
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Music
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Ethan Diamond
Jem Aswad-Senior
Bandcamp’s Revenue-Waiving Fridays Brought $40 Million to Artists and Labels
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variety.com
variety.comJem Aswad Senior Music EditorSince the beginning of the pandemic, online music retailer Bandcamp has graciously waived its fees on the first Friday of every month, allowing nearly 100% of all sales to go to artists and labels — providing a rare opportunity to maximize the amount of that money that goes to artists.
It is an admirable move for a company that is itself independent.According to a post earlier this week, the nine Bandcamp Fridays have brought in $40 million to artist and labels this year, from 800,000 fans, and the company plans to continue the practice next year.The post, from cofounder and CEO Ethan Diamond, follows in full:“On the first Friday of every month since March, we’ve waived our revenue share to help support the.
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