About a year ago, I started buying DVD's from thrift stores. I rip them all and put them on my Plex server. I recently aquired a Bluray player and starting to collect those too. Since those take up MUCH more diskspace, I only watch bluray with the physical disk (storage in Europe is unfortunately more expensive than in the USA)
I also started collecting CD's again (mostly from thrift stores too). I rip these to FLAC and also put them on my Plex.
The beauty of this system for me is that I still have to physically flip through stuff to build my collection. Since it takes up physical space, I limit myself to stuff I actually really want to see/listen to. But by digitizing it, I have the advantage of having acces to that curated content everywhere. The added timesink of ripping and metadata correcting gives me more satisfaction and appreciation for what I bought. A sense of pride and accomplishment, if you will.
So I buy Physical to make sure the collection stays curated and manageable, but digitize most of it for the convenience.
Due to the appreciation of my collection, I now watch more movies and listen to more music than when I had acces to netflix or Spotify.