Songtradr, a music licensing platform and market firm that helps artists, labels and publishers, has acquired Bandcamp from present house owners, Epic Video games.
In line with a press release, Songtradr will proceed to function Bandcamp as each a market and music group with artists receiving “an artist-first income share.”
In line with a press assertion issued by Songtradr immediately (September 28), Bandcamp is utilized by over 5 million artists and labels. The assertion provides that “this acquisition will assist Bandcamp proceed to develop inside a music-first firm and allow Songtradr to develop its capabilities to help the artist group”.
In a press release in regards to the new possession, Paul Wiltshire, CEO of Songtradr mentioned: “The acquisition of Bandcamp will assist Songtradr proceed to develop its suite of companies for artists. I’m a passionate musician myself, and artistry and creativity have all the time been on the coronary heart of Songtradr. Bandcamp will be a part of a workforce of music business veterans and artists who’ve deep experience in music licensing, composition, rights administration, and distribution.
Steve Allison, Vice President and Basic Supervisor, Retailer at Epic Video games, added: “Songtradr shares Epic and Bandcamp’s values round making certain artists are pretty compensated for his or her work.
“Bringing Bandcamp to Songtradr will make it simpler for impartial artists to attach with creators and builders seeking to license their music and allow Epic to deal with its core metaverse, video games, and instruments efforts.”
We glance ahead to welcoming @Bandcamp to Songtradr. Our shared music and artist-centric missions will allow us to offer artists and labels with much more opportunitieshttps://t.co/CcnBCvVmo8 pic.twitter.com/UTaHy54smG
— Songtradr (@songtradr) September 28, 2023
Songtradr mentioned it can additionally provide Bandcamp artists “the power and option to have their music licensed to all types of media together with content material creators, sport and app builders and types” and that “this may allow artists to proceed to personal and management their music rights, and enhance their incomes capability from Songtradr’s international licensing community”.
Final month, Bandcamp revealed a brand new ‘Listening Events’ characteristic will probably be out there for each labels and artists to host.
The brand new characteristic permits artists and organisers to plan an occasion with a stay play-through of an album together with a stay chat through which each the artist and their followers can take part.
Bodily copies of the album, together with merchandise and paintings, will probably be featured throughout the listening social gathering and anybody who purchases the music is ready to get a shoutout throughout the chat room.
