Bandcamp Are Waiving Their Revenue Cut Once Again This Friday

The legends over at Bandcamp are keeping to their word, and are once again waiving their revenue cut on the first Friday of July (aka 3rd July aka tomorrow) in an effort to help artists during the COVID-19 pandemic.

This will be the fourth day so far this year that Bandcamp have done this, and the results have been mindblowing to say the least.

On Friday, 20th March, $4.3 million USD was spent on music and merch. On Friday, 1st May, $7.1 million USD was spent. On Friday, 5th June, $4.8 million was spent.

That’s over $21 million AUD going directly to artists at a time when they need it more than ever.

“The Covid-19 pandemic continues to impact all of us, and artists have been hit especially hard as tours and shows are canceled for the foreseeable future,” Bandcamp CEP Ethan Diamond said in a statement via the website.

“With such a major revenue stream drying up almost entirely, finding ways to continue supporting artists in the coming months is an urgent priority for anyone who cares about music and the artists who create it.

“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.”

Check out this website to see exactly when ‘Bandcamp Friday’ is set to start in your timezone.

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