The terms of the deal, however, were not disclosed. “Fair and open platforms are critical to the future of the creator economy,” said Epic Games, infamous for the battle-royale game “Fortnite”, when announcing the pact. “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.”
Bandcamp will be playing an “important role in Epic’s vision to build out a creator marketplace ecosystem for content, technology, games, art, music and more,” the games company said. From what Bandcamp says, under its revenue model, artists net an average of 82% on every sale.
But under the ownership of Epic Games, Bandcamp will be run as a standalone marketplace and music community, continuing to be led by CEO and co-founder, Ethan Diamond.
“We share a vision of building the most open, artist-friendly ecosystem in the world, and together we’ll be able to create even more opportunities for artists to be compensated fairly for their work,” wrote Diamond in a blog post that announced the Bandcamp sale.