Epic doesn't care about any particular product or service. They are a publishers with aims to become a storefront, but plan to do so by passing off customers and devs and partners.
If you didn't download it, then what's the point?
I feel like back in March 2022 Epic did not really anticipate market conditions to continue to worsen. Big miscalculation on their part.
Why wouldn't you plan for the worst?
I really don't understand how on one hand all of these CEOs and investor types are geniuses and just built different but on the other hand they're hiring people and firing people because they couldn't predict the line on graph doesn't always go up.
If I had to guess, it's because of money. There was more incentive at the time to grow fast and try to maximize profit than to limit growth and potential profits in case of a market downturn. Tim slightly explains what happened.
Stop reading the news and spend some time in your local community. It's the best way I've found to shake that feeling of dread and exhaustion
We meet under the 5th street bridge at midnight, the code word is sic semper tyrannis
Man, I wish Bandcamp would catch a break already, I actually like (liked?) the platform. I like supporting artists I like and I like supporting platforms that sell DRM-free music. If Bandcamp goes away and no other DRM-free alternative comes up, it's back to piracy for me.
Fuck you Epic for many reasons, but for this one in particular
Sweeney and his supporters talking about how they give devs a better cut while also making devs work overtime and file for unemployment.
This has to end at some point. Practically everything is owned by like 5 companies, and they don't even acquire them for any particular reason, other than to prevent someone else from doing the same.
Reminds me of my monopoly strategy
Yeah, it's their monopoly strategy too. Difference is that we're playing it with toy pieces, and they're playing it for real
Man… we can’t have anything nice… damn capitalists fucking every thing up
Wow, I don't think Epic ever did anything with Bandcamp. What a terrible way to end it. What will become of the artists who use it as their main platform? I source a significant amount of my music from these artist, from that site.
Why do you think this is the end?
My apologies, I mean a terrible way for Epic to end their ownership. I hope that Bandcamp will continue and thrive but this move doesn't seem encouraging. Songtradr is monopolizing music at this point.
Could someone fill me in on why we’re panicking about it being sold? Epic never seemed to do anything to it and it seems Songtradr is keeping it’s the same, does Songtradr have a bad track record or something?
Sorry if this is a dumb question, I just feel out of the loop.
Effectively firing half the employees seems like a strong sign that the new owners are going to ruin what made Bandcamp good.
Holy fucking shit they fired 830 employees. Considering what Bandcamp has done (nothing for years despite being pretty terrible UX-wise) and how simple it is, why the fuck did they originally have 1600+ employees?
A startup with < 50 people could make it work. They don't need hundreds of employees. Lay off more and actually focus on development FFS.
However, most of the employees they laid off are those in charge of the Bandcamp blog, which is full of good articles and music recommendations. I think it's the best editorial team. Bandcamp really needs them if they want to keep the quality.
It's sad but how critical are those people / how many do they need? I didn't even know Bandcamp had a blog. I use it in a very simple way: I find music I want to own somewhere, check out if it's on Bandcamp, if it is, I buy it and download it to my library. If not, I have one other place to get it (a "local" eshop that also sells music for download) and then it is the high seas.
Three of the editorial employees announced that they were laid off, and they seem to have received a lot of praise from artists, small labels, and fans.
Here's the blog:
daily.bandcamp.com
No, the article says that Epic Games “laid off 16% of its [Epic Games’] workforce, or 830 employees”.
I believe Bandcamp was ~120 people total – so 60 laid off.
Ahh my bad, can't read apparently. That amount of employees sounds way more reasonable, even if I feel like they weren't doing much.
From a technical standpoint, sure.
But there's a large amount of conversations that happens with Studios and Artists to make sure that the fees are negotiated properly. Sometimes large partners have a singular manager for their coverage. That could always balloon the org size.
Yeah, I can see how half of their workforce (which was apparently 120 people, I can't read) could be just people who negotiate the deals and such. Best of luck to everyone.
Songtradr is a music licensing middle man, charging both artists and those looking to license their music, and somehow despite money coming in at both ends they were losing money in 2022. That does not bode well for the status quo at their new acquisition, Bandcamp, especially considering that their very first move was to fire half the staff. Songtradr doesn't care about artists or music fans, their singular and only priority is entangling artists and music distributors in their licensing scheme. They're middlemen. Middlemen are great for exploiting the free market for profit. Middlemen are at best an additional drain on profits for everyone else. Bandcamp was one of the few places you could buy digital music that really felt like ownership and not licensing locked behind DRM. The songtradr acquisition has the potential to kill development of that kind of digital and DRM-free distribution marketplace and limit investment in anything else that tries to do something similar. If songtradr continuing to lose money after the Bandcamp acquisition, it will be an example to all investors that DRM-free digital music cannot be profitable.
Since they were purchased by epic games last year, roughly half of the original staff were laid off. Being bought by a corporate entity that values profitability over all esle is devastating to a website like this where music (and culture) have thrived
So far it looks like it's just the internet's usual doomspeak, with a side of anti-Epic circlejerking.
One of the worst tech labor years ever continues with the news that roughly half of Bandcamp employees have been laid off.
Epic Games bought the indie music platform back in 2022 for an undisclosed amount before selling it barely a year later.
Late last month, Epic Games laid off 16 percent of its workforce, or 830 employees, due to what CEO Tim Sweeney described as overspending.
Epic also revealed that it would sell the Bandcamp business to California-based music licensing company Songtradr.
Employees who did not receive offers from Songtradr were notified today and will be eligible for severance.
In an email to The Verge, Songtradr confirmed that 50 percent of Bandcamp employees have been extended offers to join Songtradr and reaffirmed from a previous statement the company’s commitment to keeping the Bandcamp experience the same.
The original article contains 212 words, the summary contains 137 words. Saved 35%. I'm a bot and I'm open source!
Why was Epic even interested in Bandcamp in the first place??
This fucking blows. Start downloading all your music you've bought, you soon won't be able to own anything online anymore.
I'm pretty sure they Epic bought Bandcamp for their battle with Apple and then did literally nothing with it.
Since I discovered bandcamp in 2017, I always downloaded all the music I bought
Epic doesn't care about any particular product or service. They are a publishers with aims to become a storefront, but plan to do so by passing off customers and devs and partners.
If you didn't download it, then what's the point?
I feel like back in March 2022 Epic did not really anticipate market conditions to continue to worsen. Big miscalculation on their part.
Why wouldn't you plan for the worst?
I really don't understand how on one hand all of these CEOs and investor types are geniuses and just built different but on the other hand they're hiring people and firing people because they couldn't predict the line on graph doesn't always go up.
If I had to guess, it's because of money. There was more incentive at the time to grow fast and try to maximize profit than to limit growth and potential profits in case of a market downturn. Tim slightly explains what happened.
I'm so fucking tired, you guys.
Stop reading the news and spend some time in your local community. It's the best way I've found to shake that feeling of dread and exhaustion
We meet under the 5th street bridge at midnight, the code word is sic semper tyrannis
Man, I wish Bandcamp would catch a break already, I actually like (liked?) the platform. I like supporting artists I like and I like supporting platforms that sell DRM-free music. If Bandcamp goes away and no other DRM-free alternative comes up, it's back to piracy for me.
Fuck you Epic for many reasons, but for this one in particular
Sweeney and his supporters talking about how they give devs a better cut while also making devs work overtime and file for unemployment.
This has to end at some point. Practically everything is owned by like 5 companies, and they don't even acquire them for any particular reason, other than to prevent someone else from doing the same.
Reminds me of my monopoly strategy
Yeah, it's their monopoly strategy too. Difference is that we're playing it with toy pieces, and they're playing it for real
Man… we can’t have anything nice… damn capitalists fucking every thing up
Wow, I don't think Epic ever did anything with Bandcamp. What a terrible way to end it. What will become of the artists who use it as their main platform? I source a significant amount of my music from these artist, from that site.
Why do you think this is the end?
My apologies, I mean a terrible way for Epic to end their ownership. I hope that Bandcamp will continue and thrive but this move doesn't seem encouraging. Songtradr is monopolizing music at this point.
But they still own it?
Could someone fill me in on why we’re panicking about it being sold? Epic never seemed to do anything to it and it seems Songtradr is keeping it’s the same, does Songtradr have a bad track record or something?
Sorry if this is a dumb question, I just feel out of the loop.
Effectively firing half the employees seems like a strong sign that the new owners are going to ruin what made Bandcamp good.
Holy fucking shit they fired 830 employees. Considering what Bandcamp has done (nothing for years despite being pretty terrible UX-wise) and how simple it is, why the fuck did they originally have 1600+ employees?
A startup with < 50 people could make it work. They don't need hundreds of employees. Lay off more and actually focus on development FFS.
However, most of the employees they laid off are those in charge of the Bandcamp blog, which is full of good articles and music recommendations. I think it's the best editorial team. Bandcamp really needs them if they want to keep the quality.
It's sad but how critical are those people / how many do they need? I didn't even know Bandcamp had a blog. I use it in a very simple way: I find music I want to own somewhere, check out if it's on Bandcamp, if it is, I buy it and download it to my library. If not, I have one other place to get it (a "local" eshop that also sells music for download) and then it is the high seas.
Three of the editorial employees announced that they were laid off, and they seem to have received a lot of praise from artists, small labels, and fans.
Here's the blog:
daily.bandcamp.com
No, the article says that Epic Games “laid off 16% of its [Epic Games’] workforce, or 830 employees”.
I believe Bandcamp was ~120 people total – so 60 laid off.
Ahh my bad, can't read apparently. That amount of employees sounds way more reasonable, even if I feel like they weren't doing much.
From a technical standpoint, sure.
But there's a large amount of conversations that happens with Studios and Artists to make sure that the fees are negotiated properly. Sometimes large partners have a singular manager for their coverage. That could always balloon the org size.
Yeah, I can see how half of their workforce (which was apparently 120 people, I can't read) could be just people who negotiate the deals and such. Best of luck to everyone.
Songtradr is a music licensing middle man, charging both artists and those looking to license their music, and somehow despite money coming in at both ends they were losing money in 2022. That does not bode well for the status quo at their new acquisition, Bandcamp, especially considering that their very first move was to fire half the staff. Songtradr doesn't care about artists or music fans, their singular and only priority is entangling artists and music distributors in their licensing scheme. They're middlemen. Middlemen are great for exploiting the free market for profit. Middlemen are at best an additional drain on profits for everyone else. Bandcamp was one of the few places you could buy digital music that really felt like ownership and not licensing locked behind DRM. The songtradr acquisition has the potential to kill development of that kind of digital and DRM-free distribution marketplace and limit investment in anything else that tries to do something similar. If songtradr continuing to lose money after the Bandcamp acquisition, it will be an example to all investors that DRM-free digital music cannot be profitable.
Since they were purchased by epic games last year, roughly half of the original staff were laid off. Being bought by a corporate entity that values profitability over all esle is devastating to a website like this where music (and culture) have thrived
So far it looks like it's just the internet's usual doomspeak, with a side of anti-Epic circlejerking.
This is the best summary I could come up with:
One of the worst tech labor years ever continues with the news that roughly half of Bandcamp employees have been laid off.
Epic Games bought the indie music platform back in 2022 for an undisclosed amount before selling it barely a year later.
Late last month, Epic Games laid off 16 percent of its workforce, or 830 employees, due to what CEO Tim Sweeney described as overspending.
Epic also revealed that it would sell the Bandcamp business to California-based music licensing company Songtradr.
Employees who did not receive offers from Songtradr were notified today and will be eligible for severance.
In an email to The Verge, Songtradr confirmed that 50 percent of Bandcamp employees have been extended offers to join Songtradr and reaffirmed from a previous statement the company’s commitment to keeping the Bandcamp experience the same.
The original article contains 212 words, the summary contains 137 words. Saved 35%. I'm a bot and I'm open source!
Anyone got alternatives?