memes

where owning media is considered a luxury.

Much more likely that it will simply be impossible to legally own any media.

Back when people bought analog media, I don't know if it was fully spelled out what you did and didn't actually own. Obviously you didn't own the copyright to whatever it is you were buying. But, you did own the physical item. What rights were transferred to you when you bought the record in the record store? Probably an unlimited right to play the record at home, but not the right to play it in a dance club. I wonder if the "copyright license" was ever actually spelled out though.

In the digital era there is no longer any physical item to own, and since you never did own the "information" encoded into the physical medium, ownership of digital files is already on shaky ground. In the past you could buy MP3s, and these days it's still occasionally possible to buy DRM-free e-books. But I wouldn't be surprised if in the future just having media stored locally will be presumed to be illegal.