{"id":52322,"date":"2023-10-16T20:01:06","date_gmt":"2023-10-16T20:01:06","guid":{"rendered":"https:\/\/gamergog.com\/index.php\/2023\/10\/16\/epic-games-lays-off-half-of-bandcamp-in-sale-to-songtradr\/"},"modified":"2023-10-17T11:40:17","modified_gmt":"2023-10-17T11:40:17","slug":"epic-games-lays-off-half-of-bandcamp-in-sale-to-songtradr","status":"publish","type":"post","link":"https:\/\/gamergog.com\/index.php\/2023\/10\/16\/epic-games-lays-off-half-of-bandcamp-in-sale-to-songtradr\/","title":{"rendered":"Epic Video games Lays Off Half Of Bandcamp In Sale To Songtradr"},"content":{"rendered":"

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\u201cMusic is therapeutic,\u201d the late musician Prince as soon as stated<\/span>. Bandcamp co-founder Ethan Diamond advised NPR<\/em> in 2020<\/span> that the purpose of the impartial digital music platform he was constructing was to deliver that energy of therapeutic to everybody. Many present Bandcamp staff are going to want it. Epic Video games, which acquired Bandcamp only a 12 months in the past, laid off roughly half its workers at present after finalizing its sale to music licensing firm Songtradr amid wide-scale cuts on the Fortnite <\/em>maker<\/span>. One former worker advised Kotaku<\/em> that no person\u2019s heard from Diamond because the sale was introduced.<\/p>\n

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The Week In Video games: Lightfall Dynasty<\/p>\n<\/div>\n

\u201cOver the previous few years the working prices of Bandcamp have considerably elevated,\u201d Songtradr wrote in a press release. \u201cIt required some changes to make sure a sustainable and wholesome firm that may serve its group of artists and followers. After a complete analysis, together with the significance of roles for easy enterprise operations and pre current capabilities at Songtradr, 50% of Bandcamp staff have accepted gives to hitch Songtradr.\u201d<\/p>\n

The remainder of the roughly 120 staff will be laid off by Epic<\/a><\/span> and obtain six months of severance, at the same time as Bandcamp\u2019s union continues to cut price with the billion-dollar firm over higher phrases. Epic Video games purchased Bandcamp in March 2022 for $273 million, in accordance with inside paperwork seen by Kotaku<\/em>. Based on two former staff, who wished to stay nameless as a result of they didn’t need to jeopardize their severance packages, even Diamond was not conscious<\/span> of Epic\u2019s plan to promote Bandcamp to Songtradr till as quickly because the evening earlier than the deal was introduced.<\/p>\n

Diamond didn’t reply to a request for remark despatched to his Bandcamp e-mail tackle over every week in the past (it has since been disconnected). Epic declined to touch upon whether or not Diamond was conscious of the deal to promote Bandcamp earlier than it occurred.<\/p>\n