Bandcamp has revealed that its latest Bandcamp Friday, which took place on August 1, generated more than $3.5?million for independent artists in just 24 hours.
Celebrating its fifth anniversary this year, Bandcamp Friday was launched during the Covid-19 pandemic to support independent acts. On these selected Fridays, the online music marketplace and community waives its share of revenue, so all artist and label proceeds from music and merch sales go directly to them.
The August 1 event was the third of the year so far. It follows the previous event on May 2, which generated $3.2 million in 24 hours.
Since its inception in 2020, Bandcamp Fridays have generated more than $140 million, including digital and vinyl, apparel, and merchandise.
As an artist-first community, we’ve continued to be on the front line of direct artist support
Dan Melnick
Beyond the Friday initiatives, Bandcamp’s fair payment model sees an average of 82% of every purchase routed directly to the musician or label – typically within 24-48 hours. It has generated more than $1.5 billion to date
“After five years it’s fantastic to see another successful Bandcamp Friday,” said Dan Melnick, general manager of Bandcamp. “Over $3.5 million generated in just 24 hours is a testament to the artists using Bandcamp for their music and merch, but also the loyal fans supporting them, knowing we waive our share of revenue on this day. As an artist-first community, we’ve continued to be on the front line of direct artist support, not just on our Bandcamp Fridays, but 24/7, all year round, as artists should always be paid fairly for their work.”
Bandcamp Friday returns on September 1.
The online music marketplace and community recently integrated independent radio station takeovers into its Bandcamp Radio.
It is also preparing to debut Bandcamp Clubs, a new way for fans to discover music, connect more deeply with artists, and explore monthly selections curated by trusted tastemakers.
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