All valid points.. but I think the picture is way bigger.
Maybe look at it from this angle.. While I certainly agree there is something to be said with watching content from the comfort of your lounge room chair, streaming has it all wrong. Let's take movies as an example.
I think the movie companies are pushing streaming only so you don't own it. Think about it. Disney for one has discontinued physical media (at least in Australia they have). The idea is: "You can't own it, but you can watch our movie, our TV show if you pay me $19.99 a month". If you have the Blu-Ray at $29.99 then it's yours to watch whenever you like for a lifetime, you can pass it family and friends and pass it on to possibly your next generation. Hence, no reoccurring revenue for said movie company. And sure, some people are ok with that and that is fine. Until someone decides that Citizen Kane and say 200 other movies are no longer being watched by enough people and they need to free up storage because storage capacity is not infinite. But adding more storage costs money.. well, then it's just easier to remove a whole bunch of content and no longer have it available. It's already happening with music services which is why I believe physical media will always be king.
Creating my own copies will always be king. Physical media is outdated and vulnerable.