To Moderators: I'm happy to delete this spoiler if you aren't happy with it, just ask. I am not a lawyer, but I have experience with copyrighting and take no responsibility for anyone doing something without conducting their own research.
As I'm a little angry on
@jimimac71's behalf, there is very little legal precedent to stop you acquiring something you own from what would otherwise be a spurious source. For example, if you own a CD, ripping a digital copy is fine, however say you don't have a CD drive to hand, acquiring a copy from elsewhere is legally grey in most territories,
please check in your own country as some laws are more explicit. I am not encouraging theft or piracy of content you do not already own. I think this is an example where laws are way out of date and need to be clarified to protect the user. Breaking or subverting a DRM might be illegal in some territories, but so is (or was) a passenger under 17 not wearing socks and shoes in Indiana.
With digital content, taking a copy of a file/CD isn't "stealing" as the original isn't missing. If two people rip their own copies of the same CD with the same settings, these files are digitally identical using a checksum (meta data for creation time excluded). If you were to swap the files on a usb stick and delete your original, there is no way to tell. If you sell the CD, you are required to delete the digital copy as you cannot keep it as a backup without the original serving as a license; I don't imagine many people do this when they sell their whole library on music magpie. Ripping a borrowed CD is technically more illegal than torrenting something you own in the UK and (I believe) the US. Torrents are also a legitimate way to release music, Thom Yorke of Radiohead released his second solo album as a paid torrent.
On music streaming, I just don't understand paying for a streaming service. CD's are £10 for a new release, much less for older stuff. I buy maybe 10-20 albums a year, and if there's something I want to listen to before buying, the free tiers are fine to use as a "targeted radio" with ads etc. Unless you have a huge library at FLAC/ALAC, there are plenty of free ways to get it to your phone if you don't have the storage... like Plex etc. I find the idea of "renting access" to music very strange. People are spending £100s a year for Spotify/Apple Music and get nothing once they cancel their subscription. It works for TV/Movies as you don't typically watch them on repeat... unless you have children.
Support musicians by buying as close to source as possible, and go to gigs if it is safe to do so.