Interactive, licensing platform SONGTRADR has bought and acquired music server BANDCAMP.
FROM SONGTRADR:
(September 28 - Los Angeles) - Songtradr, a music licensing platform
and marketplace company supporting artists, labels and publishers, and
Epic Games, a leading interactive entertainment company and provider of
3D engine technology, announced today that Songtradr is acquiring
Bandcamp. Songtradr will continue to operate Bandcamp as a marketplace
and music community with an artist-first revenue share.
Bandcamp
is an online music store and community with over 5M artists and labels
where fans can discover, connect with, and directly support the artists
they love. This acquisition will help Bandcamp continue to grow within a
music-first company and enable Songtradr to expand its capabilities to
support the artist community.
Songtradr will also offer Bandcamp
artists the ability and choice to have their music licensed to all forms
of media including content creators, game and app developers and
brands. This will enable artists to continue to own and control their
music rights, and increase their earning capacity from Songtradr’s
global licensing network.
Epic is exploring ways to partner with
Songtradr to build an inventory of music where artists can opt in to
have their music licensed for use in Epic’s ecosystem. Epic will
continue to collaborate with Bandcamp on projects like Fortnite Radio
and is investing in Songtradr to support Bandcamp’s successful
integration into Songtradr.
"The acquisition of Bandcamp will help
Songtradr continue to grow its suite of services for artists. I’m a
passionate musician myself, and artistry and creativity have always been
at the heart of Songtradr. Bandcamp will join a team of music industry
veterans and artists who have deep expertise in music licensing,
composition, rights management, and distribution," said Paul Wiltshire,
CEO of Songtradr.“
Songtradr shares Epic and Bandcamp’s values
around ensuring artists are fairly compensated for their work,” said
Steve Allison, Vice President and General Manager, Store at Epic Games.
“Bringing Bandcamp to Songtradr will make it easier for independent
artists to connect with creators and developers looking to license their
music and enable Epic to focus on its core metaverse, games, and tools
efforts.”
Thanks-Stay Metal, Stay Brutal-\m/ -l-