Samj, Spotify gives you 5.7 millions songs, on a CD there are 15-20 songs... How are you doing your math?
You're right about the two other points though, with Spotify you don't own music (although there maybe some "backup" tools), and from what I read the revenue earned by the artists seems low. I hope they find a way to pay the artists correctly, because I really love Spotify. :)
(I got the premium subscription, mainly to have offline mode.)
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