Ethan Diamond, the CEO of Bandcamp have announced the company is set to continue their Bandcamp Fridays initiative throughout the rest of the year of 2020.
The US based online music service kickstarted the project in MArch as a one-off event due to the Coronavirus, which gave bands and artists 100 percent of the revenue from purchases of both music and merch on the website for a 24 hour period. Normally Bandcamp takes between a 10-15 percent share depending on the purchase.
After running more of the Bandcamp Fridays in previous months of May, June and July, Diamond has confirmed that the events will continue throughout 2020 on August 7, September 4, October 2, November 6 and December 4.
“We started Bandcamp Fridays back in March to support artists impacted by the pandemic, and in the past few months the music community has come together in a huge way: in just four days, fans put more than $20 million directly into the pockets of artists and labels,” he says in a statement.
“That’s incredible, but just as amazing is that since the pandemic hit in March, fans have bought more than $75 million worth of music and merch directly from artists and labels, and to date, fans have paid artists over half a billion(!) dollars on Bandcamp.
“It’s a good reminder that Bandcamp Fridays are really an extension of what Bandcamp is about every day. Thank you to all the artists and labels who shared their music with us, and the fans who spent their hard-earned coins to support the artists they love.
“Because the pandemic is far from over, we’ll continue to hold Bandcamp Fridays on the first Friday of every month until the end of the year. A more detailed calendar is below.
“Stay tuned for more details, and until then we’ll continue working to make Bandcamp the best place to support artists every single day. Thank you again, and we wish you all safety and good health.”
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