Business model Īrtists and labels upload music to Bandcamp and control how they sell it, setting their own prices, offering users the option to pay more, and selling merchandise. Ethan Diamond said “Bandcamp will keep operating as a stand-alone marketplace and music community.". Epic said the platform “will play an important role in Epic’s vision to build out a creator marketplace ecosystem.". īandcamp was acquired by Epic Games on March 2, 2022. The company's two million vinyl sales in 2020 doubled that of 2019. Bandcamp lets artists set their own price. Their fans preorder the pressing rather than having the artist fund it upfront. After a 50-artist pilot in 2020, the company opened limited access to 10,000 artists in early 2021 with plans for further expansion. īandcamp provides vinyl pressing services for artists. Fees on tickets were waived until March 31, 2021, and became 10% from then. The service is an integrated feature of the Bandcamp website.
In November 2020, Bandcamp launched Bandcamp Live, a ticketed live-streaming service for artists. Īs of August 2020, half of Bandcamp's revenue was from sales for physical products. In 2010, the site enabled embedding in other websites and shared links on social media sites. For this week’s Bandcamp Day, several artists and labels will also be donating their proceeds to organizations like Black Visions Collective and various bail funds, as highlighted on the platform’s homepage.Bandcamp was founded in 2007 by Ethan Diamond and programmers Shawn Grunberger, Joe Holt and Neal Tucker, headquartered in Oakland, California, US. And in response to the recent killings of George Floyd, Breonna Taylor, Ahmaud Arbery, and other black Americans, Bandcamp recently announced an annual Juneteenth drive during which it will donate its share of sales to the NAACP Legal Defense Fund.
In August 2017, the company responded to the Trump administration’s proposal to ban transgender people from the military by donating its revenue share to the Transgender Law Center, an Oakland nonprofit focused on transgender rights.
In addition to being artist-friendly, Bandcamp can also seem more empathetic than streaming services. Founded in 2007, the company has helped artists earn $518 million through sales of digital albums, vinyl, cassettes, CDs, and assorted merch. Bandcamp’s small-scale success has run counter to the mainstream narrative.
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