The value of physical media never left. Its more corporations just telling us the benefits of streaming and downplaying their drawbacks (you dont see Netflix openly advertising the fact that they remove shows and movies from circulation).
People just got lazy and complacent. They started to assume that it would always be there and when it turns out that it's not, they just make excuses for why the things they paid good money for aren't available. It's why I will never, ever pay for any streaming movie like that. If I don't have it on my shelf where I can watch it whenever I want, then I don't need it at all.