Bandcamp To Waive Revenue Once Again On May 1st

Bandcamp has once again announced that it will forgo its share of revenue from artists on May 1st. This comes after the streaming service waived its service fees to artists last month, allowing musicians to earn an unfettered $4.3 million.

In an email sent to artists on Monday, Bandcamp stated that artists will be able to take home 100 percent of all purchases on May 1st. Bandcamp’s decision to do the same on March 20th prompted fans to purchase over 800,000 items of music, more than 15 times the usual haul for a Friday. Ordinarily the service only takes 15 percent of each sale, compare that with iTunes taking 30 percent.

The email from Bandcamp also stated that additional promotions and festivities will take place via the service on May 1st, however it did not go into specifics. As the fallout of COVID-19 continues to rock the live music industry, many platforms are coming up with new ways to share the wealth and keep artists afloat. In five weeks of broadcasting, 11E1even Group‘s Live From Out There streaming series has already raised over $250,000 for Sweet Relief Musicians Fund.

Head over to Bandcamp on May 1st to directly support artists with every cent of your purchase.