> Their service is curation, and it helps everyone (consumers and artists) -- except the record labels who lose market control.

I do worry about the centralization of the marketplace around Spotify. "The king is dead" -> "Long live the king" etc.

IMHO, it'd be much healthier if streaming revenue sharing operated on a FRAND model, where non-Spotify entrants were guaranteed access to Spotify revenue-sharing licensing pricing with the content owners, by using a standard formula.

Maybe that's the way it does work? National music licensing law in the streaming area is something I'm not overly familiar with.