- 05 May 20
For 24 hours on May 1st, Bandcamp waived its revenue shares to allow 100% of profits from merchandise and digital sales to go to the artists themselves.
Last Friday, when Bandcamp waived its revenue shares in favour of artists, fans spent a reported $7.1 million (around €6.4 million) on digital music and merchandise. The company first waived shares on March 20th, and will continue to do so for the first Friday of the next two months (June 5th and July 3rd).
On March 20th, the site's sales totalled $4.3 million, which marked their biggest sales day in the history of Bandcamp. They reported that 800, 000 items were sold, and that the sales grossed around fifteen times more than their typical Friday sales.
Artists tend to release new material on Bandcamp days, so keep your eyes peeled on June 5th! The share waive happens for a period of 24 hours, from midnight to midnight Pacific time.
Update on last Friday's campaign: Fans paid artists $7.1 million in just 24 hours ($2.8m more than March 20th). Thank you for supporting artists impacted by Covid-19, and mark your calendars for the next #BandcampFriday on June 5th! https://t.co/hPhgm7WBR4
— bandcamp (@Bandcamp) May 4, 2020