The reason I buy games is because pirating them is more trouble than just paying for them.
Now with video streaming, the value add was that I didn't even need to have to go search for something, it was just all there for a small fee.
Now for that fee, I still have to search for stuff (klwhich streaming service is it on in the first place), juggle subscriptions, and also, in some cases, have to watch ads. Why would I do that when the old ways of the sea are more convenient again?