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In your analogy, why did this successful, profitable company (Bandcamp) need to be acquired? Following that, why did Epic choose to get rid of a successful, pr
by sprgit8 3y ago
In your analogy, why did this successful, profitable company (Bandcamp) need to be acquired?
Following that, why did Epic choose to get rid of a successful, profitable, independent sub-company that would have helped keep Epic profitable?
It sure looks like Bandcamp was already failing and unprofitable, and selling out to Epic was a desperate attempt to keep the company alive. Songtradr seems to agree with Epic that bandcamp is not solvent and cannot continue operating as it was.
This sucks because Bandcamp is great, but it's not hard to see the writing on the wall. All Epic did here is inject cash into bandcamp's corpse to keep it alive for an extra year or two, before it had to cut the IV drip.