Spotify doesn't own any distribution. The labels do, and they could just not renew their contract and move to a competitor's service at a whim, destroying the c

Spotify doesn't own any distribution. The labels do, and they could just not renew their contract and move to a competitor's service at a whim, destroying the company (who wants a service where 1/3 of the artists are not available?). They have the biggest share currently, but they're never safe.