Bandcamp has just launched a ticketed live streaming service . It is called Bandcamp Live and until March 31, 2021 artists can use it without having to pay a commission to the platform.
With this initiative, Bandcamp wants to help artists continue to generate income in times of pandemic.
HOW IT WORKS
The service is fully integrated with the Bandcamp app so fans will be notified when their favorite artists announce a concert.
In addition, there is the possibility of offering a live chat in which the merchandising and music of the artist will be for sale. Each sale made will appear in the live chat, which will encourage other fans to also buy.
In addition, most Bandcamp users have their payment method saved on the platform so they can buy more easily without interrupting the concert.
Basically, it will be like being in a concert but from home since both the user and the artist will have the same purchase/revenue options as in a normal event.
From March 31, 2021 the platform will charge a 10% commission to artists.
In addition to this new commission-free service, Bandcamp has been celebrating the ‘Bandcamp Fridays’, in which the platform has given up its revenue in favor of artists. They’ve already accumulated $35 million in 8 Fridays.