![]() “Spotify didn’t do anything to actually improve the financial situation for musicians out of their own pocket,” Swift said. Since then, fans have paid artists nearly $100 million.Īll told, according to a tally prominently displayed on Bandcamp’s landing page, the platform has generated $584 million for artists since 2008. ![]() Underscoring musicians’ needs, Bandcamp announced in March that once monthly, on each first Friday through the end of 2020, it would forgo its regular 15% cut on digital sales (and 10% cut of physical sales), in effect channeling 100% of money directly from fan to artist, often with as little as a two-day turnaround.
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