Epic Games, the company behind Unreal Engine and Fortnite, has acquired independent music distributor Band Camp for an undisclosed amount. Bandcamp will remain functionally independent, with CEO and co-founder Ethan Diamond remaining in charge.
The independent music store claims to have paid artists $207 million last year alone and unlike streaming services, it offers a 80-85% split to artists and labels. For comparison, Apple Music pays $0.008, and Spotify pays just $0.00318. This month, the label specifically spotlighting Best Punk on Bandcamp.
You can check out the full statement from Ethan here