I can understand it as an adjunct to the physical media. But getting rid of the physical media seems like an illogical thing to do unless you are strapped for cash. That's why I am wondering if there is a deeper psychological motivation.
Aside from that, sole reliance on streaming services is taking a big chance. They have all been losing money for years. That means either they get a lot more expensive or they fold. Or they get a lot more expensive then fold anyway because not enough people are prepared to pay to subscribe. There is only so long you can keep a loss-making business running.
Current Lash Up:
TEAC VRDS 701T > Sony TAE1000ESD > Krell KSA50S > JM Labs Focal Electra 926.