I want the content to be released on physical media. Sure, I may then transfer the content to a more convenient form for my consumption, but I still want the original physical, (preferably) lossless copy. That way I can buy it and not be left at the mercy of a company that may not be around in 10, 20, 30, 50 years when I want to watch, listen to, or share some old piece of culture. If it is kept "in the cloud" on their servers, I can't be sure I can get to it then. The company may no longer be around in order to supply the content upon request.
Ignore for a moment the print/electronic differences between a print book and an ebook. If I were to buy a print copy of Nineteen Eighty-Four from Amazon, they cannot come into my house in the middle of the night and remove it from my collection. However, they can (and have) done the same with their ebook system.
Additionally, with Redbook audio CDs, the audio is in PCM, rather than MP3 or AAC. If another new CODEC comes down the road, I can re-encode my CDs (which I may have also ripped to a lossless CODEC such as FLAC) into that new CODEC without generational loss. DVD and Bluray aren't quite as good in that regard, but the amount of space needed for a lossless version of those would be far too large, so I forgive that. Not that this matters to the content producers. They would prefer you re-buy stuff with every format change. What they really would like is a leak-proof pipe from their source to your eyeball or eardrum, and charge you every time you watch or listen to the content.