I got serious about consolidating the media my family consumes; I decided to buy blu-ray and DVD copies of all the movies and TV shows we actually cared about, and rip them onto a NAS.
I'm glad I've gone down this path, and become more intentional about my media consumption, especially as companies are deleting already-purchased content from users' media libraries! It's sickening (and, IMHO, should be illegal) they can show a 'buy' button for a DRM'ed digital downloads that the user never actually 'owns'.
Couldn't agree more. Although the focus of this post is on video, you can say the same for music and books.