Bandcamp Fridays to resume this week
Artists and labels have been paid more than $78 million dollars from the no-fee initiative to date
Bandcamp Friday is to return later this week.
Announced via the official Bandcamp Twitter page on 26th August, the fee-free initiative — which was launched in March 2020 as a way to support artists impacted by coronavirus — will return from 2nd September. It will continue on 7th October, 4th November, and 2nd December.
As with previous Bandcamp Fridays, the platform will waive its revenue share for all sales taken on the day, thereby allowing creators 100% of the proceeds.
In a post made on the Bandcamp website, organisers revealed that over the course of 21 Bandcamp Fridays to date, 800,000 fans have paid artists and labels more than $78 million dollars, "helping cover rents, mortgages, groceries, medications, and much more".
"If you’ve started to feel guilty about buying music on any other day of the month, here’s something to keep in mind: on Bandcamp Fridays, an average of 93% of your money reaches the artist/label (after payment processor fees)," the post continues. "When you make a purchase on any other day (as millions of you have, with close to $1 billion now paid directly to artists), an average of 82% reaches the artist/label. Every day is a good day to support artists on Bandcamp!"
Revisit DJ Mag's look at the rise and rise of Bandcamp. Back in March, the platform was bought by Fortnite developer Epic Games.