Posts tagged Bandcamp
Epic Games sells Bandcamp, just six months after employees try to unionize
October 3, 2023 // The online independent music platform Bandcamp — the single best place to buy digital music, in my humble opinion! — has just laid off 16% of its staff, and announced that it had been sold from Epic Games to Songtradr, a "music licensing, sonic branding, social media, and compliance management" company that handles music "for content" and "monetization." The news comes just 18 months after Bandcamp was acquired by Epic Games. While Epic Games is technically a privately-owned company, 40% of it is owned by Tencent, which also owns minority stakes in Spotify as well as Warner Records and Universal Records. As Rolling Stone reported in 2020: