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Bandcamp Changing Its Business Model in Early August





Bandcamp Changing Its Business Model in Early August

I know a lot of indie artists out there use Bandcamp. Well, I just wanted to give you a heads up to upcoming changes to their business model. Like what happens to all cool free shit, it’s time for Bandcamp to figure out how to make money off this idea to remain “sustainable long-term”. These changes won’t be starting until early August. The basic service will remain free. However, Bandcamp will begin taking 15% of every transaction. Their rate will drop to 10% when your all-time sales exceed $5,000. Your initial rate (based on sales to your PayPal email address, not your Bandcamp account) will be determined by all your sales to date. (If you’re a label and have multiple artists all using the same PayPal account, your rate will be calculated by looking at the combined sales of your artists.) For a truly independent artist, it still beats most record deals. - Q.D. Tran

 
Published: July 20, 2010 |

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