![]() Since March, another 2.5 million people made Bandcamp purchases on normal business days, totalling $145 million in music and merchandise sales. While 93% of money spent on Bandcamp goes to the artist or label on Bandcamp Friday, 82% still reaches them on a purchase any non-Bandcamp-Friday day, according to the company. ![]() recording industry’s 11.1 billion in revenues last year were still less than half their 1999 peak of 22.4 billion, adjusting for inflation. According to a September blog post from Bandcamp CEO Ethan Diamond, Bandcamp customers spent $16.2 million during the first three Bandcamp Fridays alone. The revenue model hasnt changed, just the way its processed. Despite several years of growth, the U.S. ![]() Bandcamp also announced that, over the nine Bandcamp Fridays the company has held in 2020, Bandcamp has dispersed $40 million to artists and labels.īandcamp Fridays have been a major draw-in for fans looking to support artists: About 800,000 people made purchases across all nine of the days. dollars in gross income, down from 1.83 billion U.S. As shows will likely remain on halt for much of 2021, Bandcamp will hold its monthly events in February, March, April and May, the company said. In 2022, video game publisher and software developer Epic Games is projected to generate approximately 710 million U.S. Starting in March, when the pandemic cut off touring and removed artists’ most reliable revenue stream, Bandcamp Fridays have taken place on the first Friday of each month. Bandcamp has announced that fans spent 4.3 million on music and merch on its platform this past Friday. Online music marketplace Bandcamp announced Tuesday that its pandemic-inspired Bandcamp Fridays initiative - in which it waives its full revenue share on its sales to help artists better fend through Covid - will continue in 2021.
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