It was not spectacular for a while according to musicians who sell there, and decision to sell out was just icing. Will there be a good faith player in this niche for once?
I wonder what challenges Bandcamp faced here. Is it really that management wasn't serving the market in good faith, or was there a problem with profitability?
Epic bought them when investment money was abundant, they probably made an offer that the owners couldn't refuse.
A year later, cash is harder to come by, epic sells off businesses that aren't core. Songtrader, facing the same market conditions as epic, sees layoffs as a cost cutting measure regardless of profitability.