Totally agree on that and the way forward is up to us. Prices of media stored content is going up ridiculously for whatever reasons.I disagree! If one uses ridiculously expensive equipment and media that's one's choice and poison. Doesn't extrapolate and apply to everyone else.
Few years back , I use to buy blurays. But currently priced at approx Rs. 2000 or above , they are certainly not vfm for me and the bdp player is gathering dust and used occasionally for viewing the earlier purchased discs.
I would rather wait and watch on ott or some other way.
If I cannot change the current scenario then better to move to plan B & change myself to what suits me next.