Songtradr Acquires Bandcamp from Epic Games ...Middle East

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Songtradr Acquires Bandcamp from Epic Games
source : billboard ( Middle East ) () 11
Epic Games has sold Bandcamp to Songtradr, an online music licensing marketplace. News of the sale arrives as the Fortnite developer also announced plans to eliminate 16% of its workforce — around 830 jobs — and to spin off its SuperAwesome services division, according to a memo on Epic Games’ website. “We’ve been spending way more money than we earn…We’re cutting costs without breaking development or our core lines of businesses so we can continue to focus on our ambitious plans,” explained Epic Games CEO Tim Sweeney in the memo. Epic Games acquired the independent music platform for an undisclosed sum in March

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