Bandcamp paid out more than $70m to independent artists in 2017
Posted on: 13 février 2018, by : Stuart Dredge

Direct-to-fan platform Bandcamp has published its annual review of its business, including the stat that its all-time payments to artists are now past the $270m mark.
That compares to nearly $200m at the end of 2016, meaning that the $70m+ paid to Bandcamp artists in 2017 represents a quarter of all payouts since the platform launched in 2008.
More stats? “Digital album sales were up 16%, tracks 33%, and merch 36%. Growth in physical sales was led by vinyl (up 54%), CDs (up 18%), and cassettes (up 41%),” explained Bandcamp.
“Revenue from the 3,500 independent labels on Bandcamp grew 73%, and more than 600,000 artists have now sold something through the site.”
The post Bandcamp paid out more than $70m to independent artists in 2017 appeared first on Music Ally.
Source: Music ally

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