A Thing Of Beauty: Bandcamp's Ongoing Success

From the Bandcamp Blog:
Bandcamp grew by 35% last year. Fans pay artists $4.3 million dollars every month using the site, and they buy about 25,000 records a day, which works out to about one every 4 seconds (you can see a real-time feed of those purchases on our desktop home page). Nearly 6 million fans have bought music through Bandcamp (half of whom are younger than 30), and hundreds of thousands of artists have sold music on Bandcamp. Digital album sales on Bandcamp grew 14% in 2015 while dropping 3% industry-wide, track sales grew 11% while dropping 13% industry-wide, vinyl was up 40%, cassettes 49%… even CD sales grew 10% (down 11% industry-wide). Most importantly of all, Bandcamp has been profitable (in the now-quaint revenues-exceed-expenses sense) since 2012.
That's over $50M in sales a year, half of which come from people under 30 (I know I'm repeating but it's worth it). Yes!

I happen to love Bandcamp and have purchased a bunch of great albums1 from the site over the past few years. It's worth noting that lossy and lossless downloads cost the same. I also find their iPhone app (or Android) very useful for streaming the music I've purchased and discovery. Nice.

Bandcamp, Downloads, Streaming, and the Inescapably Bright Future

1 A partial list of DotW pics from Bandcamp:

Cry Is For The Flies by Le Butcherettes
Ekstasis (Expanded) by Julia Holter
FRKWYS Vol. 9: ICON GIVE THANK by Sun Araw, M. Geddes Gengras & The Congos
No Dreams by Noveller, In Plain Speech by Circuit des Yeux
Trixie Stapelton 291 - Se Taire Pour Une Femme Trop Belle by Fille Qui Mousse
Trails Of Tears by Jacques Coursil
Metamodern Sounds In Country Music by Sturgill Simpson
Asperities by Julia Kent

Pontus Ekstam's picture

You're probably aware of the cool, insightful and varied podcast "Bandcamp Weekly"?

It is so good it's worth mentioning again so now i've done just that