The companies announced the news today, saying that Bandcamp would. Epic Games is acquiring independent music storefront Bandcamp. Bandcamp is a California-based online platform that helps fans to discover, connect with, and support artists. Musicians will continue to feel the effects of lost touring income for many months to come, so we're also sharing some ideas below on how fans can support the artists they love and how artists can give fans new, creative ways to provide support. Looking for a credit report on Bandcamp, Inc. Bandcamp says its core products ‘aren’t going anywhere’. Bandcamp’s Profile, Revenue and Employees. "Still, we consider this just a starting point. Bandcamp has announced that fans spent 4.3 million on music and merch on its platform this past Friday. "For many artists, a single day of boosted sales can mean the difference between being able to pay rent or not," Ethan Diamond, the CEO and co-founder of Bandcamp, writes. Bandcamp CEO Ethan Diamond framed the deal as a boon. The global coronavirus outbreak has put many musicians in a state of extreme financial precarity as their main source of income, live performance, has been suspended while the world struggles to contain the pandemic. A hero site generating better revenue for creators has sold out, say some musicians, while others hail the potential to reach new audiences. The initiative will be active from 12:00 a.m. Bandcamp typically collects 10 to 15% of music and merch sales made through the site, but will waive that share for one day in order to boost profits for artists and labels.īandcamp, the digital storefront and streaming music platform used by hundreds of thousands of artists and thousands of record labels, will forgo collecting its share of revenue from sales on the site made this Friday, March 20, the company announced on Tuesday. Generating revenue through ongoing payments has been incredibly lucrative for platforms and publishers, but it can also devalue the art, reducing it to easily interchangeable content.
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