Bandcamp reports massive growth in 2017 financial review
Bandcamp has shared its financial review from 2017, reporting yet another year of tremendous growth for the independent music platform.
Growth was seen across the board for the business, with digital album sales up 16%, tracks 33%, and merch 36%. Meanwhile physical sales also rose, with vinyl up 54%, CDs up 18%, and cassettes up 41%.
It is reported that revenue from the 3,500 independent labels that operate on the platform rose by 73% and that payment to artists amounted to $270 million.