The music distribution platform waived its revenue cut for 24 hours Bandcamp has revealed that fans spent £5.7million (US$7.1million) on music and merch through the site last Friday (May 1), with 100 per cent of sales going directly to artists and labels.

The music distribution platform waived its revenue share for a full 24 hours on the day, after doing the same for the first time on March 20.

The $7.1million figure is $2.8million more than the amount fans spent on March 20 – itself around 15 times the amount of a normal Friday.

The website waived its cut of sales in support of artists and labels affected by the coronavirus pandemic. Typically, Bandcamp takes a 15 per cent share of digital sales and 10 per cent from merchandise sales.

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