Bandcamp sold (again)

[Mr Onion]

In the “that didn’t last long” files: Epic Games is divesting itself of Bandcamp after barely a year and a half. The music platform will be acquired by Songtradr, a “music licensing platform and marketplace company supporting artists, labels, and publishers.”

With 5 million artists and labels, Bandcamp remains a major force. But it never did seem a fit for Epic Games – and apparently Epic Games leadership agrees, dumping Bandcamp in the midst of significant companywide layoffs. (Epic is also unloading marketing company SuperAwesome.)

Here’s the statement from Songtradr on the acquisition:

“Epic and Bandcamp share a mission of building the most artist friendly platform that enables creators to keep the majority of their hard-earned money.”

Wait, sorry, that’s March 2022 and the Epic acquisition. Here’s the statement from Songtradr:

“Songtradr shares Epic and Bandcamp’s values around ensuring artists are fairly compensated for their work.”

Source

Such a shame that the original ethos of Bandcamp has given way to big business