This. I think one issue is that the music industry pegged the price of CDs at around $18. But that was for hit maker CDs sold to mass market listeners.

But there's a separate listener: the explorer. The value of any given track is exceedingly low, but these are the people you depend on for the discovery function. Personally, I prefer that role, but the cost before Spotify was exorbitant unless you were an industry insider.