After fans spent $4.3 million on music and merch, the platform decided to waive its revenue share on the first Friday of the next three months. The series started as a one-off at the end of March to help get extra money to artists after the COVID-19 pandemic brought touring to a halt and forced independent record stores to close. With live shows and touring out of the equation, for now, that’s becoming more important than ever.Bandcamp will continue its special “Bandcamp Friday” series for the rest of the year, waiving its revenue share on all sales on the first Friday of every month to give musicians more money from each purchase. Streaming’s failure to pay artists its fair share has led to fan support of platforms like Bandcamp. “Some artists that used to do well in the past may not do well in this future landscape, where you can’t record music once every three to four years and think that’s going to be enough,” Ek said, seemingly placing the blame on artists’ shoulders. In August, Ek said that artists should get with the times that Spotify has changed the music industry. That’s decidedly not Spotify CEO Daniel Ek, who caught flak for recently telling artists to work harder. But will Bandcamp ever sell out? Bandcamp’s CEO says the company would only consider partnerships with companies that serve artists first. That level of disparity shows just how little artists are being paid for their music streams. One artist told the Los Angeles Times that one payday from a Bandcamp Friday promotion equaled a month of Spotify plays. Selecting a genre like ‘Electronic’ gives users a list of related music to browse, like dubstep, trance, glitch, and chiptune. Bandcamp encourages its listeners to browse not by what is most popular algorithmically, but by picking a subgenre or format.
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