The CEO of Spotify was saying that we have a glut of music and customers don't care much about which music they get, and Spotify has won control of the distribution channel, so there's no money for artists but they need to crank out content to stay in the rat race and lower Spotify's costs even more, or somehow form a strong union and market themselves as premium content.

But he put an obnoxious self-serving spin on it because that's what rent-seeking billionaires do.