Bandcamp is on a mission to keep musicians afloat financially and music lovers happy spiritually. While in-person concerts are still on hold, the show must go on(line). Enter Bandcamp Live, described in the platform's announcement as "a new ticketed live streaming service that makes it easy for artists to perform for and connect with their fans, and for fans to directly support the artists they love." 

For most artists, the majority of revenue comes from live performances. During the global lockdown period, musicians have had to rely heavily on streaming revenue, which oftentimes only pulls in fractions of a cent. Bandcamp Live is looking to change that. 

By integrating the service with the rest of the platform, Bandcamp live allows fans to be automatically notified when their favorite artists are hosting a stream. They will then be directed to purchase a ticket for the stream, just like in real life. Artists will also be able to showcase their music and merchandise alongside the stream via a virtual merch table. To top it off, there will also be an optional chat available, which will show purchases from the merch table, driving more sales and fan engagement. 

If that wasn't enough, Bandcamp is nobly waiving their share of revenue until March 31st, 2021. Now, you might be thinking the platform will be taking a large chunk of the profits made on each stream. However, they are instead only charging a 10% fee, which equates to a huge win for struggling musicians. The pricing is described as "completely transparent" and Bandcamp insists that it doesn't "pretend our ticketing service is free and then surprise your fans with a 'convenience fee' when they check out. You set your ticket price to whatever you want, and that’s what your fans are charged."

Bandcamp has been a leading figure in the fight for artist revenue through their "Bandcamp Friday" series. Since March, the company has waived its revenue share on all sales on the first Friday of every month to give musicians more money from each purchase. "[So] far those have raised $35 million in just 8 days (that’s in addition to the $126 million fans have paid artists via Bandcamp since the pandemic began)," Bandcamp's announcement reads.

If you are interested in streaming live on Bandcamp, click here

Related

Mainstage+-+1

Tomorrowland is Planning a New Years Eve Virtual Festival

According to reports, the brand's "Around the World" concept didn't turn a profit, but organizers aren't giving up quite yet.

Bandcamp

Here is a List of Artists and Labels to Support Today for Bandcamp's Juneteenth NAACP Fundraiser

Bandcamp is donating any purchase made on its site today and every June 19th from hereon out.

Heart Hands

Beatport and When The Music Stops Announce #YouAreNotAlone Virtual Music Festival

The ReConnect livestream will include music and educational segments in support of mental health.

Screen Shot 2020-10-19 at 9.46.04 PM

Watch Dzeko Drop a Massive DJ Set Live from Niagara Falls

Dzeko has taken the livestreaming game to new heights.

bggg

Go “Beyond Streaming” with new Artist Service, Matter

New music platform helps artists build a loyal fanbase and monetize their creations.

bob moses

Bob Moses Announces Exclusive Streaming Partnership With Twitch

The first stream will take place Friday, October 23rd.

Calder-Wilson-for-Insomniac-Events-5-e1573670725699

[STREAM] The EDC Orlando Virtual Rave-A-Thon is Now Live

Catch DJ sets from Kaskade, Eptic, Autograf, and more.

Bandcamp

Bandcamp is Donating 100% of Profits on June 19th to "Support Racial Justice, Equality, and Change"

To commemorate Juneteenth, Bandcamp is donating 100% of its share of sales to the NAACP Legal Defense Fund.