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Epic Games is acquiring online music store Bandcamp. The game developer wants to ‘work on setting up a new online marketplace’ with the platform. It is not known how much Epic Games paid for the acquisition.
In a statement, Epic Games says that it partnered with Bandcamp to “establish the most artist-friendly platform, with artists keeping most of their hard-earned money.” Bandcamp will play a key role in Epic’s vision to build a marketplace for content, technology, games, art, music and more.
Ethan Diamond, the co-founder and CEO of Bandcamp, says the acquisition will not change the online music store. “It remains a standalone marketplace. The products and services aren’t going anywhere, artists still hold 82 percent of every sale, and you continue to control how you market your music.”, Diamond writes in a message.
Bandcamp does want to ‘expand internationally and stimulate the development of the platform’ under Epic Games. For example, the companies want to work on ‘mobile apps and payment systems’. It is not yet known exactly what these will look like.
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