Music is basically sold like that (Itunes does it for example), and very very few people use it. There are probably some, but I don't personally know any — and I know plenty of music lovers with huge collections.
Normies want to have access to everything at the click of a button, and they don't want to be worrying about disk space, cross device synchronization or organizing files in directories. Streaming is perfect for them, especially in the mobile age (I bet many people had access to more disk space in 2013 than they had in 2021 or have in 2026).
People who would want to be normies but can't afford it (often in E.G. 3rd world countries) use Youtube with ads, Spotify with ads or pirated "free unlocked Spotify" apps on their Android phones. Music geeks want more music than they could possibly afford, so they use ${whatever this week's Deezer grabber is} or just get an account on Redacted. The anti-corporate left / retro people just buy vinyl, CDs or maybe tapes, depending on preference.
Paying to see a movie (versus paying to own a movie) has been a longstanding tradition in the movie industry (cinemas, rentals). If anything, being able to outright own movies was a short blip, and a weird consequence of how media worked at the time, which was annoying to most of the population more than anything else.