Let's not exaggerate. The drive for physical is largely a fad IMO, hippy kids finding something to do. As others have mentioned - you re-watch or re-read a vast minority of what you own, all those movies are just filling out space till either you decide to donate/sell almost all one day or you die and your kids will do likewise or just throw it away. Not to mention companies learned it and will scam you with super-never-seen-before-deluxe edition with a few plastic gimmicks (made in China) for $99 or more.
I have very, very few book series that I bought in entirety in one shot just because they together look nice on the bookshelf. A few coffee books, that's it. Instead I have quite a lot of paintings in my house.
Same with media - yes, I don't own things, but instead of 10 cables behind the TV stand I have three hidden behind the piano - Apple TV, TV, wi-fi router.
I greatly prefer my space not cluttered by objects. If you see many rich people's homes this is also what you see - no clutter.