What's Going on in the Spotify World?

i ran the math on what it would cost spot if i to pay the labels for the same amount of music listening time, based on the data that we used in the taylor swift episode. And instead of theni dollars that i sort of estimate that pelaton has to pay spotify is closer ti like a buck 20. That sink, right? And the performance licenses very expensive. Ah, we already talked about the margins on the subscription revenue. They actually make pretty good margins on sewing the bik self.