Well, even though making and releasing music has become easier than ever, the support of a major label — and its marketing powerhouse — is one of the top determinants (if not prerequisites) for getting access to some of the most valuable streaming "real estate" .

Spotify launched in the US 10 years ago this month. Here's my best take at how economics flow from a $9.99 monthly subscription. Three takeaways: 1) Spotify only keeps ~33%, 2) Artists and songwriters don't get much, 3) Music is really, really complicated.