[matwood]

Labels control the back catalogs, other than that I agree with you that the old ways are changing. The problem is nothing you said gives Spotify some unique advantage over Apple on the streaming side or something like cdbaby on the publishing side. Spotify can't just be some 'small' label and survive, and I'm also not sure what artist only wants to be on Spotify.

Music streaming has been completely commoditized. It's an add on feature to both major phone software makers. What can Spotify uniquely bring to the table that will give it the money to survive?