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musicians – audiojuju https://www.audiojuju.com Music News Wed, 28 Apr 2021 13:34:18 +0000 en hourly 1 https://wordpress.org/?v=6.8.2 https://www.audiojuju.com/wp-content/uploads/2019/02/cropped-twitter1-01-32x32.png musicians – audiojuju https://www.audiojuju.com 32 32 Musicians Earned Over $4 Million After Bandcamp Waived Revenue Shares For 24 hours https://www.audiojuju.com/bandcamp-sales/ Mon, 23 Mar 2020 21:53:06 +0000 https://www.audiojuju.com/?p=795 Last week, Bandcamp announced that it would be waiving its revenue shares from all sales for 24 hours, in an effort to help artists whose livelihoods have been impacted by coronavirus.

Friday turned out to be the biggest day for sales in the platform’s 11-year history with artists raising $4.3 million in music and merchandise sales.

In an update written by the company’s co-founder Ethan Diamond, the company explained that the website experienced 15 times more activity and purchases than normal this past Friday. “The numbers tell a remarkable story,” wrote Diamond. “On a typical Friday, fans buy about 47,000 items on Bandcamp, but this past Friday, fans bought nearly 800,000.”

In addition to Bandcamp waiving its fees, dozens of labels, including Anti-, Fat Possum, Merge, Polyvinyl, Saddle Creek and Sub Pop, gave up 100% of their revenues to artists on Friday.

 

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