Epic Games acquired Bandcamp

Epic Games announced that it had acquired the online music platform Bandcamp. Bandcamp will leverage Epic Games’ resources to expand its current operations.
Epic Games has entered the online music business.

Gaming giant Epic Games recently announced that it had acquired the online music platform Bandcamp. Online music platform Bandcamp offers services that allow its users to buy and listen to digital albums.

According to the statement made by Bandcamp, the company will continue to carry out its current activities. There will be no change in the company’s team, and Epic Games’ resources will be used to expand Bandcamp’s activities.

On the subject, Ethan Diamond, CEO of Bandcamp, made the following statement:

“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.”

In the statement made by Epic Games regarding the purchase, the following statements are included:

“Fair and open platforms are critical to the future of the creator economy. 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.”

As can be seen from the statements, both Epic and Bandcamp aim to reduce the difficulties faced by artists. On the other hand, companies want to improve the services offered by Bandcamp and reach more listeners.

Steve Allison, VP and General Manager of the Epic Games Store, added in a statement:

“Bandcamp has built an incredible community and business where up and coming artists can succeed thanks to the direct support of their fans, with one of the best revenue 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.”

The overlapping visions of the two companies play an important role behind Epic Games’ acquisition of Bandcamp. Epic Games is engaged in various activities to support media content producers. Epic Games must have been intrigued by Bandcamp’s supportive policy towards artists and fans.

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