Physical media is dying because the majority of people think just as short sighted as businesses do. Businesses think in short term thoughts like quarters. They do so because investers want immediate return.
But why would you as a person not want physical media??? I literally bought a George Carlin dvd of one of his HBO specials 2 days ago. It was traded into a local resale shop as “used”. It was brand new, because even though the plastic wrap was gone, the adhesive label at the top was still unbroken. Brand new dvd. $3.