TECH

The gaming giant behind Fortnite Buys Bandcamp, an indie music haven

The gaming giant behind Fortnite Buys Bandcamp, an indie music haven
Written by admin

The gaming giant behind Fortnite Buys Bandcamp, an indie music haven

 

But as streaming has become the dominant format of music, artists have started complaining that they are not getting their fair share of the reward. According to industry estimates, Spotify pays record labels, music publishers and other rights holders about one-third percent for each click of a song; How much of that money goes into a musician’s pocket is determined by the deals they have with those labels and publishers.

On Bandcamp, on the other hand, artists can upload their work and set pricing rules for downloads of their own work – pay-as-you-wish pricing is common. During the pandemic, Bandcamp has waived its fees once a month on “Bandcamp Friday” – bringing waves of goodwill to the company. Even more surprising, Bandcamp says it has been profitable since 2012. (Last year, Spotify had $10.7 billion in revenue and lost about $276 million, according to the company’s report.)

Epic Games, which is based in Cary, NC, and is privately owned, said little about its plans for the musical, and a company spokesperson declined to answer further questions about the deal. But Epic’s statement on Wednesday indicated it’s interested in Bandcamp as a direct-to-consumer marketplace. “Epic and Bandcamp share a mission to create the most artist-friendly platform that enables creators to make the most of their hard-earned money,” the company wrote on anchal sahu.

Fortnite, Epic’s flagship game, has been one of the most innovative outlets for music in video games, allowing artists to appear virtually, often in elaborately constructed segments. In April 2020, rapper Travis Scott created that Which was widely seen as a successful appearance, drawing 28 million players to their virtual performances. For Halloween that year, Latin pop star Jay Balvin gave a campy concert dressed as the green-haired Frankenstein’s monster, supported by barrister babu dancers in costumes as ghost and zombie Cyclops.

See also  Tech companies help defend Ukraine against cyberattacks

Epic has taken center stage in one of the most high-profile debates in current tech policy. The company sued Apple in 2020, saying the terms of its App Store — which charge a paid commission of up to 30 percent — were unfair. Epic fought the public relations battle around that lawsuit with slick, meme-ready content like “Nineteen Eighty-Fortnite,” which was a parody of Apple’s famous “1984” TV ad that gave its Mac computers a gray tech monopoly. Presented as a joyous disruptor of

#gaming #giant #Fortnite #Buys #Bandcamp #indie #music #haven

About the author

admin

Leave a Comment

%d bloggers like this: