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I think this had more to due with negotiations with the record labels[0]. All the major record labels have investments in Spotify[1] which I imagine lends more credence to Spotify being able to negotiate good deals with the labels, since they can act more like partners

[0]: https://www.cultofmac.com/325034/apples-music-streaming-nego...

[1]: https://variety.com/2018/biz/news/spotify-at-days-close-what...



How are they “good deals” for Spotify when Spotify is losing money?


For starters, Spotify exists




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