Fairness Rocks News Bandcamp’s Attempt to Take on Spotify, by the Numbers


Fairness Rocks News Bandcamp’s Attempt to Take on Spotify, by the Numbers

Home Industry News Bandcamp’s Attempt to Take on Spotify, by the Numbers

Author: Marker

Date: September 30, 2020

Original Source: Marker

Industry News

Bandcamp’s Attempt to Take on Spotify, by the Numbers

5 million: That’s how many digital albums were sold on the music platform Bandcamp in the last year, per the Los Angeles Times.

With its artist-first business model, Bandcamp, founded in 2008, has become the favored platform for many independent musicians who are frustrated with the minuscule royalties paid out by dominant streaming platforms like Spotify. In March, when live performances dried up due to the pandemic, Bandcamp announced that on the first Friday of every month, it would waive the 15% cut it takes on digital sales (and 10% on physical sales), allowing artists to receive contributions from fans in their entirety.

Read More: https://marker.medium.com/bandcamps-attempt-to-take-on-spotify-by-the-numbers-3504203ea1fc