I don't think it's a good value. How many times do you really watch a movie? When I was younger I could watch a favorite movie multiple times, but never enough to make owning it worthwhile. As I grow older, I am less interested in movies, and will watch even a good movie only once.
I like that they do not take space and we can find them when we want. I don't know that I expect them to last forever, but these things didn't really resell for anything in physical formats, and space is at a premium. They're also easier to watch at a different location, watch when you cannot sleep without going to scrounge through a collection, etc. The convenience is more of a benefit than the time.
I find that to be a larger benefit for books though. Now, I mostly end up with ebooks and used books, and I am really torn on the used books being so cheap but needing shelf space.
I do prefer to stick with a larger, diverse company, if there isn't a version without DRM. I do not expect Google to vanish for a very, very long time, though it may change a lot. Of course, they are more prone to ditching unprofitable products than some companies... but so far they haven't ditched products that removed a lot of purchased library items or similar things - I could easily see them ceasing to sell more at some point. I'd be a little more hesitant with a company that ONLY sold that digital media, for books. Movies, I'm less prone to watch years later, so if they last several years after purchase, it probably wouldn't be a massive loss. Books, I would prefer last indefinitely, as I do go back and read old books (with the exception of outdated tech books). Books are more likely to be cracked or have DRM removed and stored locally if a large company went out of the business though, and then I'd mostly lose the convenience of their cloud storage.
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