Music fans came out in full force to support acts on Bandcamp last week
, when the online music marketplaceOn a typical Friday, Bandcamp says that fans buy roughly 47,000 items on the site, from album downloads to merchandise. But on March 20, fans bought nearly 15 times that -- 800,000 items, spending a total $4.3 million. That's 11 items per second at the peak of purchasing, Bandcamp says.
Bandcamp took zero cut, meaning that 100% of that money went directly to the artists and labels fans purchased from. In addition,with accounts on the platform voluntarily gave 100% of revenue on March 20 to their artists, including ANTI- Records, Father/Daughter, Sub Pop and Third Man Records. "We don’t yet know the long-term impact of Covid-19, but we know that we all need music — to uplift and inspire us, to heal us, and to give us hope," Bandcamp co-founder and CEO. "We’ll continue working to make Bandcamp the best place for fans and artists to come together and sustain each other in the challenging times ahead."
The one-day purchasing event was created by Bandcamp to support artists who have suffered financial losses due to coronavirus, as virtually all U.S. tours have come to a halt to prevent contagion. Artist accounts on Bandcamp are free, but normally, Bandcamp takes a 15% revenue share for digital sales and 10% for merch. As always, Bandcamp says that funds from Friday's event reached the artists and labels within 24–48 hours.
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