That is, many physical media collectors do it to have nice box sets to display, or in an attempt to have off-line copies of media, but I have never met anyone who goes to the effort of ensuring long-term readability - which is understandable, it is a huge hassle. Unless you are copying the content to new physical media every so often it will eventually rot and become unplayable.
For example, for optical media the expected lifetime is only a couple of decades depending on the type of media [1]. I believe commercially pressed DVD and blueray are somewhere around 10-20 years.
[1] https://www.canada.ca/en/conservation-institute/services/con... , see table 2.