Business

Bandcamp acquired by Fortnite maker Epic Games

Epic gamemakers of the hit video games Fortnite and Unreal Engine have acquired the online music store and direct-to-fan platform Bandcamp.

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In a statement published by EpicThe company says that Bandcamp will play a “critical role” in its “vision of building an ecosystem of creative marketplaces for content, technology, games, art, music and more.”

News following the company’s November acquisition of Harmonix, author of rock band and Dance Central franchise for an undisclosed amount.

At that time, Epic Games, supported by Sony Corp and bring a $28 billion + valuation – hints at ambitious plans in music, stating that they will work closely with Harmonix “to develop the musical and gameplay journey for Fortnite” and that Harmonix will continue to support the titles Available now including Rock Band 4.

The company also states that, as it works “to build the metaverse”, “the expertise of the Harmonix team is needed to re-imagine how music is experienced, created and delivered”.

Epic’s acquisition of Bandcamp marks a further expansion into the music business.

Announcing the acquisition today (March 2), Epic stated that “Fair and open platforms are critical to the future of the creative economy”.

The company added: “Epic and Bandcamp share a mission to build the most artist-friendly platform that allows creators to keep the majority of their hard-earned money.”

Epic has gotten closer and closer to the music industry over the past few years.

The company’s flagship game Fortnite served as a virtual gig and video premiere space attended by big stars, while its Unreal Engine is used as the basis for 3D music videos created by Music by Sony‘S Immersive Music Studio.

In a blog post published today, Bandcamp’s co-founder and CEO writes that Bandcamp will continue to operate as an independent music marketplace and community, and that he will. its group leader.

“Bandcamp’s mission is to help spread the healing power of music by building a community where artists thrive through direct fan support.”

Ethan Diamond, Bandcamp

“Bandcamp’s mission is to help spread the healing power of music by building a community where artists thrive through direct fan support,” said Ethan Diamond, CEO and Bandcamp’s co-founder said.

“At Epic, we found a partner who believes as deeply as we do that the future of music and the arts itself depends on creating equal and inclusive communities like the ones fans love. Our graves and artists helped build.

“We are excited to work together with the Epic team to accelerate our mission and pursue our shared goal of empowering more creators in a fair and open manner.”

“Bandcamp has built an incredible community and business where growing artists can succeed with direct fan support, with one of the best revenue models and terms in music.”

Steve Allison, Epic Games

Steve Allison, Vice President and General Manager, Stores at Epic Games, added: “We couldn’t be more excited to welcome the Bandcamp team to Epic Games.

“Bandcamp has built an incredible community and business where growing artists can succeed with direct fan support, with one of the best revenue models and terms in music.

“This closely aligns with Epic’s approach to supporting creators across all mediums and allowing them to connect directly with their fans.”

You can read Ethan Diamond’s full blog post below:


I’m excited to announce that Bandcamp is joining Epic Games, who you may know as the maker of Fortnite and the Unreal Engine, and champion for a fair and open Internet.

Bandcamp will continue to operate as an independent music marketplace and community, and I will continue to lead our team. The products and services you depend on aren’t going anywhere, we’ll continue to build Bandcamp around our artist-based revenue model (where artists make an average of 82% each sales), you’ll still have the same control over how you deliver your music, Bandcamp Friday will continue as planned, and Daily will continue to feature great, diverse music on the site. Behind the scenes, however, we’re working with Epic to expand internationally and drive growth forward on Bandcamp, from the basics like album pages, mobile apps , merchandise tools, payment systems, and search and discovery features, to newer initiatives like our vinyl lamination and live streaming services.

Since our founding in 2008, we have been driven by our mission, which is to help spread the healing power of music by building a community where artists thrive through direct fan support. That simple idea worked well, with payouts to artists and labels amounting to $1 billion. And while we’ve heard over the years from other companies wanting us to join them, we’ve always felt that doing so would only be enjoyable if they believed strongly in our mission. We, align with our values ​​and not only want to see Bandcamp continue, but also want to provide resources to further benefit the artists, brands and fans who use the site. web. Epic ticks all those boxes. We share a vision of building the most open artist-friendly ecosystem in the world, and together we will be able to create even more opportunities for artists to be compensated fairly. fair for their work.

Whether you joined Bandcamp recently or worked with us 14 years ago, thank you for being a part of this incredible community and we look forward to serving you for many years to come!

Ethan Diamond
Co-Founder and CEO BandcampWorldwide music business

https://www.musicbusinessworldwide.com/bandcamp-acquired-by-fortnite-maker-epic-games/ Bandcamp acquired by Fortnite maker Epic Games

Fry Electronics Team

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