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JEMC said:

I never understood why Epic bought the music coimpany, soI'm not surprised to learn that they're selling it.

As for the people fired, I wish them the best.

The reasoning was they were trying to put the music into their hands for creators to use in a marketplace. That didnt pan out well because they ended up paying the creators more than they were making back from it - at least from what I heard.

Youtube started doing something like it you can say recently with Youtube Shorts.