Several weeks ago at the start of the Covid-19 lockdown Bandcamp waived their fees for purcahses made on the site to support musicans and bands who suddenly found themselves without a revenue stream.
The platform recieved worldwide accalim for the move and are to repeat the initiative.
Announced today to its members Bandcamp will once again waive their fees on May 1st. In an email the online platform said “A few Fridays ago, we waived our revenue share to help artists and labels impacted by the Covid-19 pandemic. The Bandcamp community went above and beyond, spending $4.3 million on music and merch in just 24 hours. It was an inspiring day, and we heard many requests to do it again, so we’re going to do exactly that (and a bit more).”
The exact details of what will be announced have not been released but Bandcamp went on to say “We’ll announce details of this initiative to everyone next Monday, but we wanted to give our artists and labels a heads up that the first step is coming soon: on Friday May 1st we’re waiving our revenue share again. Stay tuned for more information next week, and be sure to check out our new Bandcamp Artist Guide for recommendations that will help you to maximize your sales on May 1st and beyond.”