Bandcamp Reaches $100 Million in Artist Payouts

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Our friend Ethan at Bandcamp just sent us this awesome announcement:

“Fans have now given artists $100 million USD through Bandcamp.

Fans give artists $3.5 million every month on the site, and buy more than 16,000 records a day, which works out to about one every five seconds, 24 hours a day, 365 days a year (there goes one now). In terms of units sold, Bandcamp’s share of the record industry is roughly the same as BMW’s share of the auto market back when Steve Jobs said this. Furthermore, sales on Bandcamp are up 30% in the last 12 months, at a time when the rest of the industry is down 11%. We see this growth as proof that if you give fans easy ways to directly support the artists they love, they’ll take you up on it every time. So a big, big thanks to everyone supporting artists on Bandcamp, and to all the artists and labels posting great music too. We wouldn’t be here without you.

P.S. We worked out of the public library for the first four years of Bandcamp’s existence. In May 2009, fans gave artists $12,823.12. It was the first time we’d crossed the $10K-in-a-month mark. I vividly recall sitting across from Kevin and Shawn,* being quietly stoked.

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*Not pictured: me behind camera, Joe and Neal on irc.”

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