The licensing / future availability stuff greatly concerns me but I feel like physical media collections are often, but not always, manchild shit. There is rarely anything special about a DVD/Game unless you get some Criterion/Collector edition, and even then its just a fucking box. These aren't unique objects with history and lineage, they are mass-produced in a factory. Nobody is impressed by your shelf of "media". CDs, DVDs, and games all have an expiration date when the data will begin to rot. Maintaining a well organized, high-quality digital collection on a home server is preferable in almost every way.
The exception to this rule is vinyl records because they are larger format art (12x12, look great displayed), lack branding (PS5, XBOX, {studio logo}, GOTY Edition!), will outlast literally any other form of consumer media, and have significantly more "bonuses" (gatefold art, liner notes, lyrics, sleeve art, hype-stickers, posters, download cards, etc.). I have around 50 records that my nam vet neighbor gifted me. He was a field medic and described what his favorite albums were, what people asked to listen to, what songs he couldn't listen to... All of this history is trapped inside physical grooves of a much more emotional and artful medium.
Everything about the GTA6 disc seething just screams "redditor manchild that is upset that they can't larp as a child because they remember how good it felt to put a disc into a tray." We need to focus on preservation of games and making sure we can play them in the future, not getting a disc in a plastic box to fill your goyshelf with.