Bandcamp, which typically collects 15% of sales from digital music and 10% from physical goods, initially experimented with a 24-hour fee waiving window March 20. In the announcement of the three new windows, the company's CEO Ethan Diamond wrote that during the March 20 initiative fans spent $4.3 million on the site, around 15 times the amount spent on a typical Friday.
As the new coronavirus crisis creeps into the third month of widespread closures across the United States with no clear date for a return of live music — which some are saying won't happen until some time in 2021 — Diamond wrote that helping artists cope with the financial fallout has become paramount: "With such a major revenue stream drying up almost entirely, finding ways to continue supporting artists in the coming months is an urgent priority for anyone who cares about music and the artists who create it."
NPR, April 28th 2020. Full article here.