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Bandcamp royalties5/27/2023 Because the pandemic is far from over, we’ll continue to hold Bandcamp Fridays on the first Friday of every month until the end of the year. Bandcamp that help move CDs, tapes, vinyl, etc. In its press release, Bandcamp says that, “we started Bandcamp Fridays back in March to support artists impacted by the pandemic, and in the past few months the music community has come together in a huge way. Record Label Advance Royalty Advance YouTube Royalties YouTube Partner Program : Fee charged to user for use of sound recording in a movie, documentary, TV show, video game, commercial, online,or. The initiative will again be organized every first Friday of the month from August to December. With such a success rate, they have decided to continue its Bandcamp Fridays initiative until the end of 2020. According to Bandcamps Terms of Use, all music on its platform is royalty-free, which means no royalties are generated by its streamable albums and songs. Rolling Stone adds that in total, fans have spent over $75 million on music and merch on the platform since the COVID-19 pandemic began. Every first Friday of the month since March 20, 2020, this independent music platform has waived its revenue share for 24 hours.Īccording to the information presented by Bandcamp, four such events that it has organized so far has turned over $20 million. Bandcamp does not charge any access fees, and a song or album can only be previewed on the same webpage on which it can added to the consumers cart for. Back in March, Bandcamp introduced its initiative to help musicians during the COVID-19 pandemic, but also to donate funds to NAACP Legal Defense Fund.
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