Mar 03, 2022 10:13:00

Epic Games Acquires Bandcamp Music Platform

by

Sergey Galyonkin

On March 3, 2022, Epic Games, which develops the battle royale game ' Fort Knight ', announced that it has acquired the online music platform ' Bandcamp ' for independent musicians.

Bandcamp Joining Epic Games to Support Fair, Open Platforms for Artists and Fans --Epic Games
https://www.epicgames.com/site/en-US/news/bandcamp-joining-epic-games-to-support-fair-open-platforms-for-artists-and-fans

Epic Games Acquires Bandcamp as'Fortnite' Maker Expands Into Music --Variety
https://variety.com/2022/digital/news/epic-games-acquires-bandcamp-1235194180/

Bandcamp is an open music distribution platform that allows artists to price from free. Uploading music is free and the average return rate of sales is as high as 82%, and it is said that a total of 890 million dollars (about 10.3 billion yen) has been returned to artists so far.

Epic Games shares the mission to build the most artist-friendly platform that allows creators to retain most of their hard-earned money about the acquisition of Bandcamp. 'Bandcamp is content, technology and games. , Play an important role in Epic's vision of building a creator marketplace ecosystem for art, music and more. '

Bandcamp has become a subsidiary of Epic Games, but it will continue to be operated by the Bandcamp team, and its position as a music distribution platform will not change.

'Bandcamp's mission is to promote a community where artists can get direct support from their fans and spread the healing power of music,' said Ethan Diamond, CEO and co-founder of Bandcamp. He said, 'We have found a partner with a common will that the future of music depends on building a fair and inclusive community. Working with the Epic Games team to help us realize our mission and more. We are pleased to pursue the common goal of empowering many creators in a fair and open way. '

Bandcamp is expanding internationally in collaboration with Epic Games, and is focusing on developing page construction, payment systems, search functions, etc. According to Mr. Diamond, Bandcamp has been offered acquisitions by several companies so far, but refused because it does not match the values and mission. 'Epic Games matched all the items,' said Diamond.