Epic Games Acquires Bandcamp
Updated · Mar 03, 2022
Bandcamp’s CEO, Ethan Diamond, assures users that the service will not undergo any radical changes.
“Creator Marketplace Ecosystem”
Epic Games, maker of the wildly popular video game Fortnite, acquired digital music retail platform Bandcamp. On Wednesday, both companies made the announcement on their respective websites. Epic concluded the acquisition for an undisclosed sum.
Bandcamp’s founder and CEO confirmed that he will carry on in his position, and it will operate as a “standalone” platform. Furthermore, both its products/services and an “artists-first revenue” policy will remain untouched following its sale. Diamond went on to outline the Epic Games’ plans for Bandcamp.
“However, behind the scenes, we’re working with Epic to expand internationally and push development forward across Bandcamp, from basics like our album pages, mobile apps, merch tools, payment system, and search and discovery features, to newer initiatives like our vinyl pressing and live streaming services.”
The move marks the video game giant’s latest foray into the musical entertainment genre. In November, it bought Massachusetts-based Harmonix, best known for developing music game series Dance Central and Rock Band.
The company has also successfully hosted several metaverse-like concerts on Fortnite. The concerts headlined major music stars like Ariana Grande and Travis Scott.
On its part, Epic Games expressed confidence that Bandcamp will play a vital role in helping it fulfill its long-term goal.
“Epic and Bandcamp share a mission of building the most artist-friendly platform that enables creators to keep the majority of their hard-earned money. Bandcamp will play an important role in Epic’s vision to build out a creator marketplace ecosystem for content, technology, games, art, music, and more.”
Daniel is an Economics grad who fell in love with tech. His love for books and reading pushed him into picking up the pen - and keyboard. Also a data analyst, he's taking that leap into data science and machine learning. When not writing or studying, chances are that you'll catch him watching football or face-deep in an epic fantasy novel.
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