Bandcamp donated artists and labels $7 million

A great thread by the Future of Music Coalition about Bandcamp Fridays, a day where the company waived its usual cut of the revenue to pass on more money to artists and rightsholders. In 15 Bandcamp Fridays since March 2020 fans paid artists/labels $61 million. The waived rev-share works out to an effective donation by Bandcamp of roughly $7 million.

December was the last @Bandcamp Friday, a day where the company waived its usual cut of the revenue to pass on more money to artists and rightsholders. Here's a thread with some lessons we can learn. 1/🧵

— Future of Music Coalition (@future_of_music) January 12, 2022