HomeBusinessSongtradr acquires Bandcamp in deal with Epic Games, the creator of Fortnite.

Songtradr acquires Bandcamp in deal with Epic Games, the creator of Fortnite.

Published on

Los Angeles-based B2B music licensing company Songtradr has announced its acquisition of Bandcamp from Epic Games. The acquisition will allow Songtradr to continue operating Bandcamp as a marketplace and music community with an artist-first revenue share. Bandcamp, which boasts over 5 million artists and labels, will also benefit from Songtradr’s global licensing network, offering artists the ability to license their music to various media platforms and increase their earning capacity. Epic Games, meanwhile, plans to partner with Songtradr to build a music inventory and explore licensing options for use within its ecosystem.

Paul Wiltshire, CEO of Songtradr, expressed excitement about the acquisition, stating that it will help the company expand its services for artists while maintaining a focus on artistry and creativity. Steve Allison, Vice President and General Manager at Epic Games, emphasized the shared values between Songtradr and Bandcamp in ensuring fair compensation for artists. He expressed confidence that bringing Bandcamp to Songtradr will make it easier for independent artists to connect with creators and developers looking to license their music.

The news of the acquisition comes as Epic Games confirms layoffs, divesting Bandcamp in the process. Despite the layoffs, Epic Games remains optimistic about the future and its prospects as a leading metaverse company. The funding acquired from the acquisition will be used to support the laid-off employees, providing them with a severance package and additional benefits. The acquisition will allow Songtradr and Bandcamp to combine their expertise in music licensing, composition, rights management, and distribution to further support and serve the artist community.

Source link

Latest articles

Waterfront Restoration’s Expert Aquatic Weed Removal in Long Lake, MN

Frustrated by the weeds and invasive species preventing his family from enjoying the lake,...

Enhancing Paradise: The Ultimate Guide to Landscape Concrete Edging in Hawaii Island for Unbeatable Curb Appeal

As a Hawaii resident deeply entwined with your island roots, you understand the irresistible...

Leading-edge Irrigation Maintenance Services in Port Charlotte, FL by Shaffer’s Irrigation

Boosting the health of your landscape through efficient irrigation requires skill, knowledge and experience....

Experience Remarkable Terrazzo Refurbishing in Sarasota, FL with Intra State Terrazzo and Concrete

Keen on understanding the intricacies that underline the worth of hiring qualified service professionals...

More like this

Waterfront Restoration’s Expert Aquatic Weed Removal in Long Lake, MN

Frustrated by the weeds and invasive species preventing his family from enjoying the lake,...

Enhancing Paradise: The Ultimate Guide to Landscape Concrete Edging in Hawaii Island for Unbeatable Curb Appeal

As a Hawaii resident deeply entwined with your island roots, you understand the irresistible...

Leading-edge Irrigation Maintenance Services in Port Charlotte, FL by Shaffer’s Irrigation

Boosting the health of your landscape through efficient irrigation requires skill, knowledge and experience....