Physical media doesn't automatically provide privacy. There are players which do track what blu-rays you put in them. Blu-ray players are internet enabled and include advertisements, which obviously can have tracking as well. Also you are tracked by the banks and stores you make the purchase from. You bought a Blu-Ray at Target on a Discover card. Target tracked it and sold it. Discover tracked it and sold it. Companies batched that together and added it to the same profile that Netflix updated. You still got tracked.
Physical media also includes A LOT of DRM as well. You called digital streams "DRM media", which is a weird phrase considering all physical media uses DRM as well.
I think you're remembering some rose-tinted view of physical medias past, not discussing the reality of physical media in 2021.
It's weird that you're so inaccurate with these terms and concepts, it's almost like you have an agenda
>Literally the only way to get the same freedoms with modern digital media we had with physical media, is piracy.
And there it is: The Pirates Rationale™
You see it a lot. An excuse in need of rationalizations, so the details get mixed up because it's not about the details, it's about the end point.
Stealing media you didn't buy is literally stealing from artist and developers and no amount of crying about how the DRM on Blu-Ray is more OK than the DRM on Netflix will change that. This community should not be as immoral as Reddit and proudly and openly support stealing software and content that you did not, in some form, pay the artist/creator to access. If you're "pirating" things you own, consider ripping and cracking them instead, less chance of malicious code that way. But if you're using your loose understanding of these concepts to justify stealing from developers and artists, then shame on you.