It's funny: Both Bandcamp and Patreon had the easiest and most straightforwardly long-term profitable business models imaginable: Sit between indie creatives and their fans, provide some basic services for mediation (comment sections, media posts, semi-global payment) and take enough of a cut of any payments to cover the costs and then some.
But because that business model wouldn't scale forever, they are instead being gutted, because ever _increasing_ growth is the only model capital accepts
Incidentally, this also harkens to one of those times that Matt Levine Doesn't Understand Capitalism - he's been repeatedly stumped by why crypto firms like Coinbase or Tether keep making risky bets with customer money when they could just.. Not do that, and still make a handy profit from putting customer money into liquid rate-making bonds and live off the interested (since the customers see zilch of that).
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@pettter I was disappointed to see it sold a second time to a music licensing company. Don't know much about them but hope they aren't there to change the way it works.
But Bandcamp is/was a great model and service to bands.
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ArcadiaRhod
Jonathan Mull