Replace: Songtradr has supplied Metallic Injection the next remark concerning the layoffs, stating that the employees had been laid off in September and can obtain compensation from Epic.
“As of October 16 2023, Songtradr has formally acquired Bandcamp.
“Over the previous few years the working prices of Bandcamp have considerably elevated. It required some changes to make sure a sustainable and wholesome firm that may serve its group of artists and followers.
“After a complete analysis, together with the significance of roles for clean enterprise operations and pre current capabilities at Songtradr, 50% of Bandcamp workers have accepted gives to hitch Songtradr. Those that didn’t obtain gives will obtain severance from Epic as a part of their layoffs as communicated on September 28th.
“We’re dedicated to holding the present Bandcamp providers that followers and artists love, together with its artist-first income share, Bandcamp Fridays and Bandcamp Each day.
“We’re trying ahead to welcoming Bandcamp into our musically aligned group. We share a deep ardour for all issues music and can proceed to serve artists, labels and the followers who make all of it potential.”
Unique story: Bandcamp was let go from their parent company Epic Games in late September amid layoffs and was divested to Songtradr. Partly, Songtradr stated that their acquisition will “assist Bandcamp proceed to develop inside a music-first firm and allow Songtradr to develop its capabilities to assist the artist group.”
Thus far issues have not been going so nicely. Primarily that Songtradr has not but formally acknowledged the Bandcamp worker union Bandcamp United despite talks with Epic Games prior and a petition. Now in keeping with The Verge, Songtradr has formally laid off half Bandcamp’s current employees. The information initially got here from former Senior Editor of Bandcamp Each day JJ Skolnik, which The Verge has since confirmed through an e-mail to Songtradr.
Predictably the outcry has been livid and loud, which is sensible – Bandcamp and Bandcamp Each day have been doing a little really superb work in overlaying area of interest scenes and pushing nice music, and to have all of it finish with a soulless company gutting is tragic. Songtradr had famous in a earlier assertion that “not all Bandcamp workers will obtain gives from Songtradr,” however half the staff is a steep minimize. However that is the company world for you – thanks for all of the exhausting work, now get the fuck out.
To reiterate, Songtradr acknowledged on the time of the acquisition: “Bandcamp is a web based music retailer and group with over 5M artists and labels the place followers can uncover, join with, and straight assist the artists they love. This acquisition will assist Bandcamp proceed to develop inside a music-first firm and allow Songtradr to develop its capabilities to assist the artist group.
“Songtradr will even provide Bandcamp artists the flexibility and option to have their music licensed to all types of media together with content material creators, sport and app builders and types. This may allow artists to proceed to personal and management their music rights, and improve their incomes capability from Songtradr’s international licensing community.
“Epic is exploring methods to companion with Songtradr to construct a list of music the place artists can choose in to have their music licensed to be used in Epic’s ecosystem. Epic will proceed to collaborate with Bandcamp on initiatives like Fortnite Radio and is investing in Songtradr to assist Bandcamp’s profitable integration into Songtradr.”
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