$100k spent on music and $20k on the equipment or the other way around or 50/50 ?

I have a lot more money in music media than playback equipment. It's probably a factor of double, triple or more.

That said, if I were starting today, I would be heavily weighted on equipment and subscribe to one or more streaming services for content.

equipment is a few major purchases, while music is many small purchases over 55 years...

In my case so far, though it might change if I go into tape world , I spent three times more on the equipment. I don't need many records and cds.