From what I can tell, Epic did the gutting today, and it's left to us to pick up the pieces. It doesn't make sense to me, letting everyone go before the acquisition, why not let the acquiring company figure out what to do with the employees. It stinks of internal politics.
Songtradr has done a good job with previous acquisitions, including mine. I'm no longer working on that product, but it's doing well. I don't agree with every decision being made for it, but I didn't before the acquisition, so... no big change there.
Based on the bandcamp employee throwaway that commented earlier, I wonder if epic just wanted credit for cutting a lot of jobs to make shareholders happy. That “16%” announced is a big number that would be less attention-grabbing if it didn’t include all of bandcamp.
What product of yours was acquired? I would like to enter the Music services business and it would be great to connect with someone that has hands on experience.
Music Services is a tough place to do product development in. Nobody is flush with cash, so all deals are percentage based... so you have to generate pass-through revenue. It's impossible to generate revenue from the general public, as they can get music from spotify/youtube for free, so you have to find a niche.
I know several startups in the music space that are begging to be acquired because they didn't realize they needed pass-through revenue, they thought they could do what another company was doing, but cheaper, but the problem is that few established labels are willing to move off their old providers, as they value their industry relationships.
