Epic Games Acquires Bandcamp
Bandcamp, one of the biggest streaming and music distribution services in the world, has been acquired by Epic Games, developer of Fortnite.
“Bandcamp will keep operating as a standalone marketplace and music community, and I will continue to lead our team,” Bandcamp co-founder and CEO Ethan Diamond assured artists on its platform.
“The products and services you depend on aren’t going anywhere, we’ll continue to build Bandcamp around our artists-first revenue model, you’ll still have the same control over how you offer your music …
“Behind the scenes we’re working with Epic to expand internationally and push development forward across Bandcamp, from basics like our album pages, mobile apps, merch tools, payment system, and search and discovery features, to newer initiatives like our vinyl pressing and live streaming services.”
Epic Games seems to have no plans to alter Bandcamp’s wildly successful artist-first ethos.
“Fair and open platforms are critical to the future of the creator economy,” a statement on its website said.
“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.
“Bandcamp will play an important role in Epic’s vision to build out a creator marketplace ecosystem for content, technology, games, art, music and more.”