Online distribution systems like Spotify, Netflix and Steam are doomed to a minimal profit margin IMO, as it is a race to the bottom. If they make too much prof

Online distribution systems like Spotify, Netflix and Steam are doomed to a minimal profit margin IMO, as it is a race to the bottom. If they make too much profit, a competitor willing to make less will take some market share. It might take a while though, due to lock in and first-to-market entrenched positions. But in the long term the middlemen will have razor thin margins and profit from scale. Even lock-in like see with Steam, where you can't take your games with you if you switch distribution platforms, gets defeated by old age when your locked-in customers die of old age.