My two cents:
I also have a very large nicely organised iTunes library, and I pay for Apple Music - but I wonder if I didn’t have Apple one, which I do mostly to make sure my whole family doesn’t bug me all the time about storage and tv and arcade, etc.
I think it’s there are some good points in this thread, I also found the early comment about how the time period we enjoyed the last 100 years of purchasing music, and musicians getting rich that way, was unique in human history, and streaming is actually more or less going back to the norm of artists getting paid when people here or see music live quite an interesting thought.
The problem with this though, while artists getting rich also had its equality problems, it spurred a huge amount of creativity and variety. Simply due to the attractiveness of the dream of being a rockstar, or whatever, for teens growing up. This, like so much else has been lost to the new content creator/consumption/engagement paradigm.
There is another shift which comes with streaming, and that’s away from the importance of a well crafted album.
Already 5-10 years ago I noticed some younger colleagues look at me like an alien when I talked about albums, and listening to a whole album in a row. By now surely this is even more rare.
That’s fine, every generation is free to do what they want. But it’s sad.
They will never know the joy of tripping and having your life changed by dark side of the moon. Or knowing a band so well that you can almost feel and understand the changes in their life from the experience of one album to the next. Not just whatever hit streaming track people talk about.
I like to keep my iTunes library, and I think the feature of having it available on all devices via Apple Music is a nice touch. It’s also nice to be able to occasionally use the same app to find a new song and temporarily add it to a playlist or explore new things.
I worry that it will be pushed out eventually when it doesn’t make sense financially.
One thing to always keep in mind, for the people who are convinced we don’t need to have local libraries - we said the same thing back in 2015ish. Netflix has everything, we don’t need to pirate, or buy/rip, etc etc. it was a tenner a month.
Now look - films and tv is spread across 4/5 services and they keep pumping the prices up.
They will do the same, when they know we don’t have another way, or it’s too inconvenient .