At least pirates provide some value from curation usually. In this case the leak is just all of Spotify. It makes it really easy for a competitor to just duplicate the Spotify service without paying licensing fees. Tbd what happens.

As soon as a competitor duplicates Spotify they’ll pay licensing fees or they’ll be pretty quickly shut down. You don’t get a free pass to stream music to people just because you happen to have the file.

Spotify itself started with pirated music.