Ironically it's widely known that the labels get 70% of all music revenue and Spotify gets to keep 30% for itself (which famously hasn't been enough to even turn a profit). You couldn't be more wrong.
You're right, I didn't know this. I was under the impression that Spotify self-reported its split and that it wasn't really auditable in any way. Can you link to a source?
The cited source there is some old Spotify PR. Which, if you dive into, eventually states:
> Our current payment agreements lead us to distribute (~)approximately 70% of our gross revenues to master recording and publishing rights (both mechanical reproduction and performance) holders. The precise division between these types of rights holders varies by territory in accordance with local laws and negotiated agreements.
So, 70% / 30% is actually just a self-reported figure, and also just a ballpark based on current agreements at the time. Also, I couldn't find a current version of this page, only the archived one cited. All current versions of this page seem to have nothing but deflection, which might indicate that their self-reported figure has become less flattering.
