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> SongTradr needs demonstrate that Bandcamp wasn't financially viable That's provably false. > He notes that, according to its co-founder, Ethan Diamond, Band
by mhitza 3y ago
> SongTradr needs demonstrate that Bandcamp wasn't financially viable
That's provably false.
> He notes that, according to its co-founder, Ethan Diamond, Bandcamp has been profitable since 2012.
> In addition, Bandcamp charges its customers (indie artists) just 10-15% commission rates as a retailer – and on Bandcamp Fridays, it charges nothing at all.
https://www.musicbusinessworldwide.com/podcast/is-this-the-real-reason-epic-games-acquired-bandcamp/ https://www.musicbusinessworldwide.com/podcast/is-this-the-r... "Is this the real reason Epic Games acquired Bandcamp?"
https://towardsdatascience.com/why-is-bandcamp-profitable-and-spotify-isnt-3444ad63e7fb https://towardsdatascience.com/why-is-bandcamp-profitable-an... "Why is Bandcamp profitable and Spotify not?"
This is pre Epic acquisition, and they seemed mostly hands of in their approach.
https://old.reddit.com/r/BandCamp/comments/11g0c07/its_the_one_year_anniversary_of_bandcamps/ https://old.reddit.com/r/BandCamp/comments/11g0c07/its_the_o... "It’s the one year anniversary of Bandcamp’s acquisition by Epic."
- hipadev23 3y ago> That's provably false. Then why did Epic sell this veritable cashcow?
- Apocryphon 3y ago"to focus on its core metaverse, games, and tools efforts.” https://pitchfork.com/news/epic-games-sells-bandcamp-amid-layoffs/ https://pitchfork.com/news/epic-games-sells-bandcamp-amid-la...
- nemothekid 3y agoProbably because the employees wanted to unionize.