Steve said that years ago. The times have changed and for the most part people don't give a crap about ownership of anything. Convenience always beats out quality.
The problem now (and this is partly due to the iTunes digital store and it's former popularity) is that music has lost a lot of it's value. Not that people don't enjoy music, but rather the relationship between the listeners and their music has been degraded. People used to buy whole albums and listen to it as a whole. Beginning to end. You couldn't skip a track on vinyl. CD's enabled you to skip to your favorite tracks, and then with iTunes you could now just buy the tracks you wanted. When looking through someones library you do not see an artists discography, but just their hits. Spotify took this and ran with it, making the hits into playlists. It's the new album. The playlist though does not have songs that tie into each other, there is no story or theme being presented, so most of the songs are just fluff. When the fluff song becomes old, people move on. It devalues music.
When music is devalued, there is no reason to own. Just stream. If you are like me and find music that still tells a story, or presents a theme, you will buy the music.