This One Time at Bandcamp… Artists Made Over $100 Million

Bandcamp is known for being an artist-friendly service. The company generally takes 15 percent of digital sales and 10 percent of physical sales, which is in line with companies like CD Baby.<!–/*
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// ]]>Why use Bandcamp instead of selling the tracks on your own site? Bandcamp provides an easy to use and visually appealing storefront (yes, appearances do matter), fans trust the platform with their financial information, and it’s a discovery platform. They also have some neat label and subscription features. The platform also allows fans to pay more than the asking price, and they often do.

Bandcamp has announced that they’ve paid out over $100 million to artists. They say that fans pay artists $3.5 million every month.

Sales are also up 30 percent in the last year.

Nina Ulloa covers breaking news, tech, and more: @nine_u

The post This One Time at Bandcamp… Artists Made Over $100 Million appeared first on Digital Music News.

Source: Industry News