Back in the 90s you would have had to pay $3-5 per movie at Blockbuster. Drive to the store, hope the movie you want was in stock, drive home, watch movie, remember to rewind the movie when it's done, drive back to the store to return it before the due date.
Now, for less money, I don't even have to get off the couch. What a world!
Movies are different than games (and music) however. While I have rewatched movies--multiple times in a (relatively small) number of cases, movies are mostly one and done for me--and I imagine most adults.
That said, I don't know why the 48 hour limit on rentals got normalized. I've fallen asleep, gotten distracted, etc. while watching a movie and I don't like now being forced to watch it soon.
It was normalized back when the first video rental stores opened decades ago. It remains today because there needs to be some way to differentiate between a rental and a purchase, otherwise everything would become a purchase at a significantly higher price point.
Maybe the limit could be 72 or 96 hours instead. Or you could rent it with no time limit but maybe can't ever rewind then you can make it last as long as you need but when it's done, it's done.
While I tend to agree that piracy and/or ripping isn't something everyone can do, I've filled out my Plex collection legally lately with DVD acquisitions at bargain-bin prices. Used doesn't matter if you only have to be able to read the disc once to rip it, and I'm yet to get something used off Amazon that couldn't be read once. (I haven't even had to clean it or anything, it's all just worked.)
So, my Plex install in terms of raw content isn't up to Netflix's size. However, I rather suspect there are some people reading this who have more hours of video on their Plex than Netflix even has available. And while mine isn't that large, it is much better tuned for me and my family's interests at this point. And I don't have to worry about getting halfway through a series, only for some licensor to notice it has become popular enough to pull it and run it on their own service. Netflix has the problem now that anything that becomes popular on their service will get yanked. I do not know how they overcome that. They hoped to do it with enough original content, but to my eye, that has failed, and there is now no longer enough time to fix that. While I understand the complaints that they treated it too much like "content", to be honest, I've never thought this would work out, from the moment they announced it. A single company just can't produce a sufficiently diverse set of "content" to be the everything-to-everybody they would have needed to be to justify a Netflix valuation.
Do you also make backups of HD movies using this process, by any chance? Like you, I have no issue purchasing something. But I don’t like “purchasing” something stored in a walled garden online-only service that can be taken away.
I am fine with renting and paying. But the arbitrarily stupid rule “you have 48 hours to finish once you started” is what stops me from “renting” any lure.
Amazon and Youtube (and maybe other streaming services) also offer some of the movies for free with advertising. So the model hasn’t changed much from going to rent a movie at the store for a few bucks or watching it on cable tv, except you’re not paying for cable now.
I am not going to pay to rent stuff I used to be able to encounter for free by surfing channels...well, on top of my dish/cable bill