Yup - my take is this is coming for absolutely everything. (it's already mostly here for tv).
Rent-seeking behavior is too good to give up, so companies will move all content to streaming only services (games, movies, tv, music, books, etc...) in the majority of cases.
Physical media will only be available at very high prices, for a very limited selection of content.
We will go from "doctrine of first sale" around content licensing to the utterly crippled "you own a temporary, non-transferrable, and ephemeral license to stream this content from us on exactly this service using only approved devices until we decide otherwise".
The moral action in this case is to simply stop paying. Period.
Long term - we should be fighting to enshrine a new flavor of "doctrine of first sale" for the digital age.
Ex - maybe purchasing any content license sold with the word "buy" should enshrine your right to use, transfer, sell, or otherwise consume in any reasonable form that content for the duration of the copyright + 7 years. And we will not enforce copyright for items that can't be bought (only rented).
I think we'll end up seeing legislation against the license version of all of this content. Instead, you'll get to own it and move it around as necessary. This hasn't been necessary yet, but if that becomes the only option, then ownership becomes a more important question.