As the music industry continues to feel strain due to financial hardship caused by the pandemic, Bandcamp is going to continue doing its part in supporting artists with its ongoing initiative: Bandcamp Fridays.
On any given Friday of a month throughout 2023 (beginning February 3), bands will receive 100% profit from their sales made on the platform – forgoing all fees that would typically be taken out.
You can consult this website if you’re ever unsure as to whether it’s Bandcamp Friday or not!
In a statement Bandcamp said
On most first Fridays of the month since March of 2020, we’ve waived our revenue share to provide additional support to the artists and labels who form the backbone of Bandcamp’s community and without whom we would not exist.
Over the course of those 26 Fridays, fans have spent more than $91 million dollars, and participation has remained consistently high, with each Bandcamp Friday generating millions of dollars of extra income for artists and labels.
So, we’re going to keep a good thing going in 2023, and will hold the next Bandcamp Friday on February 3rd. We’ll share dates for the rest of the year soon. Thank you, and happy holidays
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Bandcamp was recently bought by Fortnite maker Epic Games. In a statement about the sale of the company, Ethan Diamond Bandcamp co-founder and CEO said:
I’m excited to announce that Bandcamp is joining Epic Games, who you may know as the makers of Fortnite and Unreal Engine, and champions for a fair and open Internet.
Bandcamp will keep operating as a standalone marketplace and music community, and I will continue to lead our team. The products and services you depend on aren’t going anywhere, we’ll continue to build Bandcamp around our artists-first revenue model (where artists net an average of 82% of every sale), you’ll still have the same control over how you offer your music, Bandcamp Fridays will continue as planned, and the Daily will keep highlighting the diverse, amazing music on the site.
However, behind the scenes we’re working with Epic to expand internationally and push development forward across Bandcamp, from basics like our album pages, mobile apps, merch tools, payment system, and search and discovery features, to newer initiatives like our vinyl pressing and live streaming services.
Since our founding in 2008, we’ve been motivated by the pursuit of our mission, which is to help spread the healing power of music by building a community where artists thrive through the direct support of their fans. That simple idea has worked well, with payments to artists and labels closing in on $1 billion USD. And while over the years we’ve heard from other companies who wanted us to join them, we’ve always felt that doing so would only be exciting if they strongly believed in our mission, were aligned with our values, and not only wanted to see Bandcamp continue, but also wanted to provide the resources to bring a lot more benefit to the artists, labels, and fans who use the site.
Epic ticks all those boxes. We share a vision of building the most open, artist-friendly ecosystem in the world, and together we’ll be able to create even more opportunities for artists to be compensated fairly for their work.
Whether you joined Bandcamp recently or have been with us since the beginning 14 years ago, thank you for being a part of this incredible community, and we look forward to serving you for many years to come!