Without providing further details about the operation, Epic Games announced the acquisition of the independent music platform Bandcamp. The person in charge of Fortnite and Gears of War thus added a new subsidiary after the recent purchase of harmonix.
Bandcamp is an online music store and community where fans can discover, connect and directly support the independent musicians they love. American video game developerwhich is based in North Carolina.
The Tim Sweeney-controlled firm added that “fair and open platforms are critical to the future of the creator economy.” Epic Games and Bandcamp “share a mission to build more artist-friendly platforms that allow creators to keep most of their hard-earned money,” he argued.
According to the statement, Bandcamp “will play an important role in Epic’s vision of building a creator marketplace ecosystem for content, technology, games, art, music, and more.”
Ethan Diamond, CEO of Bandcamp, reported that he will remain at the helm of the company and that it “will continue to operate as an independent space and a musical community.”
We will continue to build Bandcamp around our artist-first revenue model, in which artists earn an average of 82 percent of each sale.
The also co-founder of the platform revealed that “behind the scenes we work with Epic to expand internationally and promote the development of Bandcamp”. In particular, they will focus on things like album pages, mobile apps, merchandising tools, payment system, and search and discovery features. They will also boost vinyl pressing services and live broadcasts.
Diamond said that since the company’s founding in 2008, the site has generated about $1 billion in revenue for creators. With Epic Games, “we share a vision of building the most open and artist-friendly ecosystem in the world, and together we can create even more opportunities for artists to be fairly compensated for their work,” he concluded.