Epic Games Buys Music Service Bandcamp
Bandcamp, an online music store and community, announced that it was purchased by Fortnite creator Epic Games. The music company also confirmed that initiatives such as Bandcamp Fridays, where the platform forgoes its revenue share so that artists receive all sales within 24 hours, and its online publication Bandcamp Daily will continue to operate as they do now.
Bandcamp says that joining Epic Games will allow it to expand internationally and advance the development of the entire platform, including work on mobile apps and merch tools, as well as search and discovery features. In addition, Epic Games notes that Bandcamp will contribute to its vision of a “matrix ecosystem for creators” of content, technology, games, art, and music.
Bandcamp joins Epic Games! Read more here:
— Bandcamp (@Bandcamp) March 2, 2022
“Bandcamp’s mission is to help spread the healing power of music by creating a community where artists thrive through the direct support of their fans,” Bandcamp CEO Ethan Diamond said in an interview. statement. “In Epic, we have found a partner who believes as deeply as we do that the future of music and the arts itself depends on building equal and inclusive communities like the one our fans and artists have helped create.”
Steve Ellison, VP, and General Manager of the Epic Games store, also chimed in, saying, “Bandcamp has created an incredible community and business in which aspiring artists can succeed through direct support from their fans, with some of the best income ever. Models and terms in music. This aligns closely with Epic’s approach to supporting creators across all media and enabling them to connect directly with their fans.”
This isn’t the first time Epic Games has bought a music company. Back in November, Epic Games acquired Harmonix, the studio best known for games like Rock Band and Dance Central. Epic was interested in Harmonix because it could help develop “musical travel and gameplay for Fortnite.”