I’m confused as to what your second paragraph is trying to say. Spotify made 6.7B In revenue last year - not profit. Of that about 5B is paid out to the world’s

I’m confused as to what your second paragraph is trying to say. Spotify made 6.7B In revenue last year - not profit. Of that about 5B is paid out to the world’s musicians and record labels (technically bandwidth is probably in that number too, but it’s likely not a huge factor). The remaining 1.7B is marketing, R&D, and admin. In other words, Spotify’s 1.7B cut is about 25%. For comparison, in 1995 if you bought a CD the record store would take a ~35% cut. https://www.nytimes.com/1995/07/05/arts/pennies-that-add-up-to-16.98-why-cd-s-cost-so-much.html https://www.nytimes.com/1995/07/05/arts/pennies-that-add-up-...