Spotify has been trying to claim that 70% is too high, and were trying to push for a reduction in royalties paid to artists via labels and lobbying congress. Tr

Spotify has been trying to claim that 70% is too high, and were trying to push for a reduction in royalties paid to artists via labels and lobbying congress. Trying to point out that they were not profitable, even though they're a new business and expecting profitability in this area so early isn't realistic by most measures. But paying 70% of revenue for inputs isn't that big of a deal, especially for a business that can scale without having to make significant long-term capital investments.