Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen Alejandro86 for the clue delivery! CTOnews.com, Oct. 18 (Xinhua)-- Epic Games acquired online music store Bandcamp in March 2022, claiming that the move "aims to expand Epic Games's vision of a market ecosystem for game, music, technology and other content creators."

Logo of ▲ Bandcamp

▲ Bandcamp website, the company mainly sells music, but Epic Games was involved in layoffs in September, but the company CEO Tim Sweeney issued an announcement announcing that it had laid off 830 people, or 16% of its employees, due to insufficient revenue from the Fortnite game.

As a result of Epic Games's layoffs, half of Bandcamp's employees will be laid off and will receive six months' severance pay, and Epic has finalised the sale of Bandcamp to music licensee Songtradr.

▲ employees affected by the departure, Tuyuan X platform CTOnews.com also found that in addition to selling Bandcamp acquired in March 2022, Epic Games also spun off the technology company Super Awesome acquired in 2020.

Related reading: "Fortnite" game developer Epic Games announced 830 layoffs, accounting for 16%.

"Fortnite" developer Epic Games will acquire online music mall Bandcamp.

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