DS Forums

 
 

Bandcamp reaches the $100m milestone


Reply
Thread Tools Search this Thread
Old 10-03-2015, 09:24
TheTruth1983
Forum Member
 
Join Date: Aug 2013
Location: Crapville
Posts: 13,162

http://www.theguardian.com/technolog...yments-artists

Independent music company Bandcamp has hit a new milestone: $100m (£66m) of payments to artists for music and merchandise sold through its site since its launch in 2008.

The US-based company helps musicians set up their own online stores, and since November 2014 has also been enabling them to run their own subscription services for their keenest fans.

“Fans give artists $3.5m every month on the site, and buy more than 16,000 records a day, which works out to about one every five seconds, 24 hours a day, 365 days a year,” wrote chief executive Ethan Diamond in a blog post.

Sales on Bandcamp were up 30% in the past 12 months when the industry was down 11%, he added: “We see this growth as proof that if you give fans easy ways to directly support the artists they love, they’ll take you up on it every time.”
The best music service for musicians and fans going from strength to strength bucking the trends in the mainstream industry. The big labels could learn a lot.
TheTruth1983 is offline   Reply With Quote
Please sign in or register to remove this advertisement.
Old 10-03-2015, 22:36
Rubrical
Forum Member
 
Join Date: Aug 2009
Location: Scottish Countryside
Posts: 2,320
Awesome and well deserved!
Rubrical is online now   Reply With Quote
Old 11-03-2015, 11:57
Grim Fandango
Inactive Member
 
Join Date: Jul 2014
Location: Glasgow / Cambridge
Posts: 3,984
Excellent news.
Grim Fandango is offline   Reply With Quote
 
Reply




 
Forum Jump


All times are GMT. The time now is 15:22.