Never really stopped, what with being a low income resident in eastern parts of EU.

But a big reason in addition to cost and many services or content simply not being available in my country is all the technical loops you have to jump through to get the best experience—I remember the time when to get full HD streaming you had to either use a specific set-top box or certain Intel CPU-s integrated graphics in a specific browser. If you didn't, you'd be limited to 480p. The same still goes for 4k and Atmos today.

Speaking of Atmos, ironically being a DIY audio enthusiast has pretty much locked me out of that. No way to decode Atmos on a PC, you have to use an AVR. But my speakers use (along with other uncommon components) digital crossovers that take digital inputs and multichannel digital outputs are verboten on AVR-s because MPAA and licensing terms (I believe only the 30000€+ Trinnov and Storm Audio pre-pros have them). Not to mention that even 3000€+ AVR-s have DAC performance no better than my 50€ Asus sound card. In the end, it's just not worth the cost and hassle of setup.

For me, convenience of streaming is also a non-argument; with Jellyfin, Navidrome and Tailscale I can access my whole library from any point on Earth that has internet access. And streaming quality is only limited by the internet connection quality, not by my hardware not having some obscure DRM feature.