Bandcamp To Waive Revenue Share On All Sales For One Day

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The coronavirus pandemic is hitting the entertainment industry hard, especially in regards to independent artists. Bandcamp is stepping up to help such indie acts, who are facing weeks or possibly months of being unable to tour and perform at live gigs.

Bandcamp has announced it will waive its revenue share on all sales for one day, allowing artists to earn 100 percent of the profits from music sold on the site. The 24-hour window is scheduled to begin on Friday (March 20) at midnight Pacific Standard Time.

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“To raise even more awareness around the pandemic’s impact on musicians everywhere, we’re waiving our revenue share on sales this Friday, March 20 (from midnight to midnight Pacific Time), and rallying the Bandcamp community to put much needed money directly into artists’ pockets,” Bandcamp CEO and co-founder Ethan Diamond said in a statement on the company’s site.

He added, “We hope you’ll join us on Friday and through the coming months as we work to support artists in this challenging time.”

Bandcamp normally takes a 15 percent share for digital sales and 10 percent for physical merchandise. The site allows artists to sell music in a variety of ways, including subscriptions and full discography purchases.

Artists can set up an account for free here.

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Source: Hip Hop DX