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March 20, 2020 03:56 pm
Image: Bandcamp
Original Link: https://www.theverge.com/2020/3/20/21188143/bandcamp-waives-sales-fees-artists-affected-coronavirus-pandemic
Bandcamp is waiving sales fees today to help artists impacted by coronavirus pandemic
Image: Bandcamp
Online music marketplace Bandcamp is waiving its revenue share on sales today in order to help musicians who are impacted by the novel coronavirus pandemic. The platform normally takes 15 percent of each digital sale and 10 percent of each merchandise purchase. The lifted fees will be in place until 12AM PT tonight.
While streaming music does eventually pay out some money to artists, it can take months and is often divvied up between a lot of parties. Buying music on Bandcamp is a way to quickly and more directly put money in a musician’s pocket, as there are often fewer middlemen and funds are deposited within 24–48 hours of a purchase. Bandcamp’s structure is also unique in that it allows for flexible payments. Artists set a minimum...
Original Link: https://www.theverge.com/2020/3/20/21188143/bandcamp-waives-sales-fees-artists-affected-coronavirus-pandemic
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