The online music marketplace gave 100% of profits to artists on March 20.
Music fans came out in full force to support acts on Bandcamp last week, when the online music marketplace pledged to waive its revenue share for all sales made on Friday, March 20.
On a typical Friday, Bandcamp says that fans buy roughly 47,000 items on the site, from album downloads to merchandise. But on March 20, fans bought nearly 15 times that -- 800,000 items, spending a total $4.3 million. That's 11 items per second at the peak of purchasing, Bandcamp says.
Bandcamp took zero cut, meaning that 100% of that money went directly to the artists and labels fans purchased from. In addition, many labels with accounts on the platform voluntarily gave 100% of revenue on March 20 to their artists, including ANTI- Records, Father/Daughter, Sub Pop and Third Man Records.