You can only choose new distribution if you own your content
Quote
she's, she's gonna have to own her own content before she herself could make the decision to do something like that with it.
Episode 64: Dave's not here man. Well, at least that was what happened last week. (approx., from transcript intro) 00:47:23 (play audio from this timestamp, opens in a new tab)
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Summary
Considering whether musicians could use streaming value for value for their own music, Dave notes the limit: an artist like Taylor Swift would first have to own her own content before she could decide to do that.