I apologize for jumping to that so quickly. I respect your response, and you're correct. There is a lot of nuance to this. It's a best estimate because we don't have all of the information, how much is on Spotify vs other platforms, US plays vs non-US plays.

All that being said, the low-end of the estimate is VERY real, because we sum up an actual number provided by The MLC. For their unmatched data, they provide a range of one dollar sign ($) $0.01 - $0.99, ($$) $1.00 - $10.00, ($$$) $10.01 - $50.00, ($$$$) $50.01 - $250, and ($$$$$) $250.01 and above. Those exact figures get worked into the estimate, and are real hard baselines that we use for the estimate. There is no inflation from us on those figures. When a track has an unbounded (five dollar sign), we then use Spotify counts to estimate where in the range it falls.

I appreciate the thoughtful conversation.