It is insane but greed has made the above commonplace across all aspects of the digital world.
Personally I think ebooks are still worth it, even if I have to buy it, strip the DRM (which is illegal) before reading it (on an eink display of course). But it has never been ready for mainstream (will it ever?) and it is not the techs fault.
We still don't even have a decent movie streaming service, and even if one existed it wouldn't matter because the content you want to watch makes that choice for you.
A decade ago we had awesome home theater software, they still exist but they aren't compatible with the media that is offered today. For that we need another device (chromecast) which is probably the dumbest device you can buy but somehow that is the best option available for consumers in 2018.