Instead I want to watch “The Expanse” and I dont know if it’s a Netflix special or HBO or Hulu or Amazon or what. I logged into three of them and it wasn’t there.
Oh look, it’s on the Pirate Bay. Also, it’s not throttled / forcibly downgraded to 720p or whatever.
I personally possess CDs from the 1980s and vinyl records from as early as the 1940s. Meanwhile I can’t access digital purchases made in the last few years. Perhaps not “forever”, but frankly close enough.
And, there was no concept of temporary when physical media were produced. A completed sale of physical items is legally a permanent condition. That’s why physical items can be resold. Also, physical media did not come with a time-limited license. Again: both sides considered the sale permanent. It was in fact forever.
The point of view in your comment might make logical sense to you today, but it does not reflect the actual history or legal status of physical media. People “don’t realize” these things because they are not actually real.
Now you can say "I can make a digital backup of my DVD". Depending on your jurisdiction you may have the rights to do that. But your own backup of that is unlikely to be durable.
A cloud copy of something on Google, Apple, Amazon or Netflix is essentially forever.
People don't realize what they're effectively asking for is digital rights to something in perpetuity. And you can't really price that realistically.
Streaming services actually far better match what users actually want (in general). There's no issues of storing media or keeping digital copies safe. The limited time you can view something is what makes it economical.
Remember too that most things tend to only ever be watched once. The satisfaction for collection isn't relaly about repeat viewing at for the most part.