April 03, 2021

Bandcamp - tech world’s biggest ally of working- and middle-class musicians

Acts of all levels use Bandcamp, but it has particularly suited working- and middle-class artists with few resources simply looking to make a decent living off their work, filling a void that has become more pronounced as the music industry has gone digital - Billboard writes about the beloved streaming service. They proved this in the last year with Bandcamp Fridays, when Bandcamp waives its cut of sales - 15% of digital, 10% of physical - and passes along all revenue to artists. With this initiative, Bandcamp directed $48.3 million toward artists and labels from over 800,000 customers, and that’s on top of the $148 million it has paid out from normal sales during that time frame. To date - Bandcamp was started in 2007 - it has paid out over $702 million to hundreds of thousands of artists and more than 9,000 labels that can receive the money relatively quickly.