Looks like Spotify's entire music catalog [up to late this year] has a real chance of it [leaking](https://www.theguardian.com/technology/2025/dec/22/activist-group-says-it-has-scraped-86m-music-files-from-spotify) soon. The metadata already released.
Seems like time for puts?
I wonder how much in contract revenues Spotify is poised to lose if their counter party can find a way to legally use the leaked data.
