BANDCAMP, the digital storefront and streaming music platform used by hundreds of thousands of artists and thousands of record labels, have announced that they will be waiving their revenue share on sales made this Friday 20th March.
In a move designed to support musicians affected by the current Coronavirus crisis, the platform will be giving 100% of sale revenue to artists from midnight to 11.59pm Pacific Time (7am in the UK).
“For many artists, a single day of boosted sales can mean the difference between being able to pay rent or not,” Ethan Diamond, the CEO and co-founder of Bandcamp, writes. “Still, we consider this just a starting point. Musicians will continue to feel the effects of lost touring income for many months to come, so we’re also sharing some ideas below on how fans can support the artists they love and how artists can give fans new, creative ways to provide support.”
A good place to discover lesser known artists, Bandcamp collects 15% of the revenue from sales of digital music made through its website and app, and 10% from sales of physical goods.
Diamond also reminds readers that the financial effects of the crisis will extend beyond musicians to those who make their living supporting them, “including record store owners and staff, tour managers, event producers, venue staff, lighting and sound professionals, janitors, photographers, bartenders, security guards, and more. We encourage you to find ways to reach out and support those affected in your local communities.”
As the coronavirus pandemic unfolds and an increasing number of cautionary measures are put in place to delay the spread of infection, it has become clear that the Scottish music industry will need our support more than ever. If you were thinking of purchasing some merchandise or music then now is the time to do it.
Head over to Bandcamp HERE.