The Artist Economy

• 11:36 Michael presents Spotify's record Q3: 306M subscribers, 788M monthly users, 33% gross margin, and its new 'Spotify is an agent' stance.
• 20:07 Carl compares Spotify to a narcissist and says the cure for a bad relationship is a bad relationship.
• 27:05 Spotify's licensed AI remix tool is contrasted with Daisy the Great's AI-copied song being used in app ads.
• 1:30:15 Carl challenges whether the Suno song was really a co-write, calling it misaligned with authenticity.
• 1:32:50 Michael apologizes, offers to remove the song, and commits to explaining the process upfront next time.

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