‘Fortnite’ writer Epic Video games acquires music platform Bandcamp

In recent times, Epic Video games has cemented an influential footing within the music business by internet hosting an array of in-game Fortnite concert events; J Balvin, Travis Scott, Child Cudi, Anderson .Paak, Kaskade, Diplo, Younger Thug, Marshmello, Dillon Francis, and deadmau5 have all graced the world-renowned online game’s digital stage. Now, stepping even additional into the music house, the software program developer, based in 1991, has formally acquired beloved music platform Bandcamp. Based in 2008 by Oddpost co-founder Ethan Diamond, Bandcamp has all the time maintained an “artist-first income mannequin,” dedicated to fostering “honest and open platforms.” The current merger has not altered both firm’s dedication to benefitting artists and creators. Diamond defined in an announcement,

“I’m excited to announce that Bandcamp is becoming a member of Epic Video games, who it's possible you'll know because the makers of ‘Fortnite’ and ‘Unreal Engine,’ and champions for a good and open Web…[Bandcamp’s] services you depend upon aren’t going anyplace, we’ll proceed to construct Bandcamp round our artists-first income mannequin.”

Artists on Bandcamp web a mean of “82% of each [record] sale,” a aggressive determine in comparison with main DSPs’ contentious pro-rata income fashions. Each Friday, Bandcamp waves its charges on music gross sales; Diamond famous that “Bandcamp Fridays will proceed as deliberate.” The CEO then clarified what the Epic Video games merger finally means for his community-driven music platform:

“We’re working with Epic to broaden internationally and push growth ahead throughout Bandcamp, from fundamentals like our album pages, cellular apps, merch instruments, fee system, and search and discovery options, to newer initiatives like our vinyl urgent and dwell streaming providers.”

Evidently, Diamond noticed that Epic Video games consciously aligns with Bandcamp’s agenda to construct “a neighborhood the place artists thrive by the direct help of their followers.” Learn Ethan Diamond’s full assertion on Epic Video games’ acquisition of Bandcamp under.