Bandcamp to continue waiving revenue share fees into 2021 for Bandcamp Fridays

During the pandemic, Bandcamp has waived their cut of revenue share fees on the first Friday of the month for Bandcamp Friday to support artists impacted by COVID-19’s halt of touring. From the nine Bandcamp Fridays, fans spent over $40 million dollars with an average of 93% of revenue reaching the artist/label, according to the service’s website. 

Although the year is coming to a close and vaccines are reportedly soon to be made available, live music does not seem to be making a comeback just yet. To continue supporting artists and minimize some of the lack of live concert revenue, Bandcamp announced they will waive their cut of revenue shares on select Fridays in 2021 on February 5th, March 5th, April 2nd and May 7th.

Bandcamp Fridays are beneficial to musicians, especially independent artists, as well as music lovers, as artists often release special editions of music, merch or other content for the day. Even when it isn’t the first Friday of the month, supporting artists via Bandcamp is still a great alternative to streaming services, as an average of 82% of sales profits reaches the artist/label on any other day. As the website puts it, “Every day is a good day to directly support artists on Bandcamp.” Check out more information about Bandcamp Fridays here.