Epic Games sells Bandcamp to Songtradr after 18 months; layoffs and divestments also announced

Epic Games is selling Bandcamp to music marketing company Songtradr 18 months after acquiring it.
Songtradr will continue operating Bandcamp as a marketplace and music community with the same artist-first revenue share model.
Songtradr framed the acquisition as a way for Bandcamp artists to secure licensing deals, including with Epic Games.
The sale was announced along with layoffs of 16% of Epic Games' workforce and divesting SuperAwesome.
Earlier this year, some of Bandcamp's staff formed a union called Bandcamp United.

pitchfork.com

Relevant topic timeline:

9/30/2023

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