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Bandcamp Hit With Layoffs After Sale to Songtradr

Bandcamp Hit With Layoffs After Sale to Songtradr
October 16, 2023


Bandcamp Hit With Layoffs After Sale to Songtradr

Replace, October 16: Songtradr introduced provider on Bandcamp simply weeks after obtaining the platform. A number of staff of the website online’s editor, Bandcamp Day by day, have been amongst the ones laid off, he shared on X. Editor-in-chief JJ Skolnik stated, “About part of the corporate was once laid off as of late.” Songtradr, the licensing corporate, showed previous on October 5 that “now not all Bandcamp customers will obtain commercials from Songtradr” following the sale from Epic. “In accordance with its present earnings, Bandcamp wishes to modify,” the corporate stated. Bandcamp United, the employees’ union, had up to now requested Songtradr to provide all Bandcamp staff their jobs, in addition to voluntary resignations, after the sale. Songtradr didn’t acknowledge this settlement. Vulture has reached out to Songtradr for remark. virtually part of the corporate has been laid off as of late. one of the vital maximum wonderful folks I have ever labored with, together with my two wonderful editor buddies @diamonde and @atoosamoinzadeh and lots of nice assistants amongst many others. it is a waste, there aren’t any two techniques about it— jj skolnik (@modernistwitch) October 16, 2023 The unique article from September 28 follows. It is over on Epic’s possession of Bandcamp. The indie song marketplace is being bought to Songtradr, a licensing website online, in conjunction with the elimination of Epic. The sale is the second one time Bandcamp has modified arms in not up to two years, after the up to now unbiased corporate was once purchased via Epic in March 2022. On the time, Epic was once dedicated to prioritizing artists and Bandcamp whilst supporting the advance of the platform’s features. Now, the Fortnite developer is shedding 16 p.c of its personnel — about 830 staff — whilst additionally losing promoting corporate SuperAwesome. “For a while now, now we have been spending greater than we earn, making an investment in Epic’s transformation and rising Fortnite as a developer ecosystem,” CEO Tim Sweeney stated in a letter to staff. “I have been hoping for a very long time that lets get thru this transition with out layoffs, however having a look again, I understand that wasn’t reasonable.” Songtradr, in its press liberate pronouncing the purchase, made the similar dedication to “proceed to make use of Bandcamp as a market and platform for song and step one for artists.” The corporate seems to peer Bandcamp as a get advantages to its licensing trade, outlining plans to “give Bandcamp artists the facility and option to license their song to all kinds of media together with content material creators, sport builders and instrument and types.” As well as, Epic is making an investment in Songtradr in the midst of advertising and needs to paintings with Songtradr to license Bandcamp song to Epic video games. It sounds sophisticated, however so long as we will purchase our albums…

OpenAI
Author: OpenAI

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