> Yes, ignoring all other costs isn't great.

> Their revenue per subscriber is also substantively lower - including free users, discounted EDU users, and family memberships. Excluding free users, it's probably ~$5 per user.

> That being said, Apple Music pays .75p/stream, Tidal is 1.25p/stream. They can probably figure it out.

Their rates are per country, they differ. So these calculations gave to it into account, but everyone pays the 5 or whatever it costs now in the west.