Yes and this is the reason some (too many?) of us still own huge collections of records, CDs, tapes, etc. Music collectors that grew up in the 60's - 70's became very aware of titles suddenly being cut out for various reasons and unattainable for years or sometimes never again. I'll bet many of you have fantasied about walking into a large record store the day "Yesterday And Today" came out and telling a clerk, "I'll take every copy of the the new Beatles album with the meat on the cover you have." Or the same with "Live Yardbirds" or many other titles that got pulled within days of release and became high dollar rarities.
Most people born after that period look at cloud based services/streaming like the local library. "Why would I need to own a copy and store it at my house when I could just check out a copy at the library, read it and return it?" The idea of something suddenly becoming unavailable is not a big concern. (Yes, I know certain books can and have become rare the same way recordings do, but I think you see my point.)
Streaming is convenient but if I really like a song or album, I still want to own a copy either physically or on my drives. Old habits die hard, I guess.