Bandcamp to waive its revenue shares for sales made this Friday
Bandcamp waiving revenue will provide a massive financial boost for artists in a much needed time.
With travel bans, event postponements and tour cancellations caused by the COVID-19 pandemic, artists and musicians are losing their biggest avenues for revenue.
In a world where living without music is not an option, finding ways to support artists during this testing time is of vital importance.
Online music shop Bandcamp’s initiative to help artists is commendable and should be followed. The company is waiving its revenue shares for sales made this Friday, 20 March.
In a statement, Bandcamp’s Co-founder and CEO Ethan Diamond explains:
“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.”
There’s no place like Bandcamp
In the statement made on Bandcamp’s website, Ethan Diamond explains:
“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.”
Bandcamp will waive its revenue shares for sales made this Friday, March 20 (from midnight to midnight Pacific Time.)