The thing with physical media that is often missed is - it never interrupts you for an OS update, you never lose content due to lapsed subscription, artists/labels can't revoke songs, theres no controller app that can be broken by updates, you don't have to worry about your speakers aging out of firmware updates.
You just put the media in and press play.
Sure having infinite streaming libraries is cool yes, but people listen to the same stuff or slowly expand listening habits.
$10-30/mo for life ends up being a lot more money than just buying what you actually enjoy and listening to radio/stream like stuff to sample new.
The streamers are slop slingers now. Ironically I have found that YouTube's recommendation engine is 100x better for me than Spotify/Apple/Tidal ever were, and I don't even pay for Youtube, lol. Or sites like Discogs for more engaged music discovery.