I think we could all see that this was eventually going to happen. The uncomfortable truth is that companies can make significantly more money from selling digital releases at a fixed price, while also eliminating the second-hand market entirely.
It’s a real shame for those of us who still value owning physical copies. Relying entirely on an online service is pretty risky - in 20 years’ time, there’s a very good chance that Sony’s PS5 digital infrastructure and services will no longer exist, leaving those purchases dependent on systems that may have disappeared.
The situation is even more concerning with the potential move away from Blu-ray. At least with digital games, the quality is generally identical to a physical copy. Video is a different story. Blu-rays contain far more data for both picture and sound than even the highest-quality streaming services, meaning the viewing experience simply cannot be the same. Compression, reduced bitrates, and audio limitations all have an impact.
I also worry about the habit streaming services have developed of removing content, even in cases where people have paid for access. If a company loses a licence or decides something is no longer commercially viable, that content can simply disappear.
Hopefully, as we’ve seen with cassette tapes and vinyl records, there will eventually be a resurgence in appreciation for physical media. There will always be people who value true ownership, preservation, and the ability to enjoy their collections without depending on a company’s servers staying online.