Th
e indie music community has embraced Bandcamp and its suite of direct to fan monetization tools. And unlike most music tech startups, Bandcamp, which launched in 2008, has been profitable “in the now-quaint revenues-exceed-expenses sense” since 2012.
Nearly 6 million fans have bought music from hundreds of thousands of artists through Bandcamp. Have of those fans are under 30, according to the company. That’s signification at a time when consumption by younger music lovers is supposedly dominated by streaming.
Source: Bandcamp Grew 35% Last Year, Monthly Transactions Top $4.3M – hypebot