Bandcamp has offered a new figure on its recent payouts to artists and labels using its platform. The company has paid out $48.3m from its series (11 so far) of Bandcamp Friday sales, and another $148m from regular business since 20 March last year.
That’s according to Billboard’s interview with the company’s executive team, with several artists and independent label execs weighing in approvingly.
The piece also notes that Bandcamp has been profitable since 2012, and its lifetime payouts are now more than $702m – meaning that 28% of them have come from the last year.
“We want our artists to sell more music and make more money because that’s the only way we do,” said COO Josh Kim.
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