"Over the past few years the operating costs of Bandcamp have significantly increased. It required some adjustments to ensure a sustainable and healthy company that can serve its community of artists and fans," a spokesperson of Songtradr confirmed.
Epic Games acquired the indie music platform in 2022 for an undisclosed sum, then sold it a year later. Last month, they laid off 16% of their workforce, citing overspending.
"We are committed to keeping the existing Bandcamp services that fans and artists love, including its artist-first revenue share, Bandcamp Fridays and Bandcamp Daily," said Songtradr.