Bandcamp has been let go from their guardian firm Epic Video games. Bandcamp was initially bought by Epic Video games in March 2022 and has now been divested to Songtradr amid layoffs. Epic Video games additionally introduced they’ve laid off 16% of their workforce and spun off SuperAwesome, as CEO Tim Sweeney specified by a memo on the company’s website.
“We’re additionally making some divestitures,” wrote Sweeney partially. “Bandcamp is becoming a member of Songtradr, a music market firm supporting artists. SuperAwesome’s promoting enterprise will turn into an impartial firm beneath the SuperAwesome model, led by their present CEO Kate O’Loughlin. Youngsters Net Companies (KWS), the guardian verification and consent administration toolset, will stay a part of Epic.”
Songtradr issued their very own assertion, which could not sound extra robotic and soulless.
“Bandcamp is a web based music retailer and neighborhood with over 5M artists and labels the place followers can uncover, join with, and immediately help 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 help the artist neighborhood.
“Songtradr can even supply Bandcamp artists the power and option to have their music licensed to all types of media together with content material creators, recreation and app builders and types. This may allow artists to proceed to personal and management their music rights, and enhance their incomes capability from Songtradr’s world licensing community.
“Epic is exploring methods to accomplice with Songtradr to construct a list of music the place artists can decide 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 help Bandcamp’s profitable integration into Songtradr.”
So who is aware of – Bandcamp appeared to do fairly alright beneath the Epic Video games umbrella, however we’ll see what occurs now that they have new house owners.
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