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Posted

I'm curious to see how this plays out. I know ZERO about the gaming World, but Bandcamp is making a tidy profit AND paying artists while letting them keep almost 100% control. Let's hope it stays that way.

 

Posted
  On 3/4/2022 at 1:11 PM, jk666 said:

I'm curious to see how this plays out. I know ZERO about the gaming World, but Bandcamp is making a tidy profit AND paying artists while letting them keep almost 100% control. Let's hope it stays that way.

 

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I was discussing this with a friend who's had a career in the financial industry, and he sees the long game here as being an eventual IPO, after which you can kiss your marvelously wide-open Bandcamp goodbye. The modern-day share holder don't give a damn about anything but getting dividends and such,

I hope he's wrong about that, but isn't that the way shit works these days?

Posted
  On 3/4/2022 at 1:23 PM, JSngry said:

I was discussing this with a friend who's had a career in the financial industry, and he sees the long game here as being an eventual IPO, after which you can kiss your marvelously wide-open Bandcamp goodbye. The modern-day share holder don't give a damn about anything but getting dividends and such,

I hope he's wrong about that, but isn't that the way shit works these days?

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You're probably right. As I understand it, it's all about ad sales and number of eyeballs.

Posted
  On 3/4/2022 at 1:11 PM, jk666 said:

I'm curious to see how this plays out. I know ZERO about the gaming World, but Bandcamp is making a tidy profit AND paying artists while letting them keep almost 100% control. Let's hope it stays that way.

 

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I'm presuming it doesn't run at a loss but I'm not sure it makes  "a tidy profit", and  I am sure the new owners will want it to. 

Posted (edited)
  On 3/4/2022 at 1:23 PM, JSngry said:

I was discussing this with a friend who's had a career in the financial industry, and he sees the long game here as being an eventual IPO, after which you can kiss your marvelously wide-open Bandcamp goodbye. The modern-day share holder don't give a damn about anything but getting dividends and such,

I hope he's wrong about that, but isn't that the way shit works these days?

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I also had a career in financial industry (albeit fixed-income, not equity), and agree with your friend's comment and your interpretation.

  On 3/4/2022 at 4:38 PM, clifford_thornton said:

yeah, it really sucks and doesn't look good for Bandcamp or the artists. 

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Probably true. I don't know enough about the games sector / subscription models to offer much comment there, but indirect 40% ownership by Tencent (per the Pitchfork link), for instance, is unlikely to be a good thing.

Edited by T.D.
Posted
  On 3/4/2022 at 4:45 PM, medjuck said:

I'm presuming it doesn't run at a loss but I'm not sure it makes  "a tidy profit", and  I am sure the new owners will want it to. 

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I was paraphrasing the Pitchfork article above.

" The platform’s ease of use and relatively low commission rate of 15 percent made it attractive to independent artists and labels, eventually helping to foster vibrant communities of lo-fi, offbeat, and experimental musicians—all while turning a healthy profit. "

  • 3 months later...
Posted

Feels like there is less physical product available than in the past, but that change predates the buyout, and while disappointing, is not unexpected.

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