This feels different to me. Netflix has a unique library of shows. They have content you can't get elsewhere. Spotify doesn't, when it comes to music (other then their Spotify Sessions, but it's not much). I can easily switch to a different service (already did) and get the same content. My new platform pays artists more, and works well enough. I'm not sure Spotify has anything special enough to draw music fans who left back.

The budget of the film Cuties was under $1M, maybe a small bit more with Netflix's marketing involvement after the initial release (Netflix bought the rights to a worldwide release outside of France). Spotify just directly wiped tens of millions of dollars off their service and likely suffered more long-term lost subscriptions since people have already switched to YT Music or Apple Music; anyone that dropped Netflix had probably resubscribed by the time Squid Game was released.

Unless I missed something, they lost a couple of artists that weren't exactly chart toppers, and a few episodes of a podcast. I don't see the fuss.

or dave chappelle. i mean, both dave and netflix are doing quite fine.