I did a really quick search and a mechanical hard drive costs around 1$ for 50gb of storage while a blank Blu-ray was closer to 1$ for 25gb of storage. That would suggest a drive is more effective at storing data from a cost perspective, so there just needs to be a service that sells movies in a digital format.
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It’s what happened with music eventually, but so far I have not seen that with mainstream video releases, only some independent things
No it didn't. I don't know if a single vendor aside from Bandcamp that will sell you the actual files, and let's be honest their catalogue is pathetic.
Even regular Blu-Rays are better quality than streaming.
4K-blurays are the definitive way to see movies at home.
Are they that much better?
I find the easiest way to spot the quality difference is a dark scene. On streaming look at the dark areas. You'll likely see bands and patches of different levels of black if you pay attention.
If I have to pay extra attention to a specific part of the screen during a specific part of a show just to notice the difference, is it really that big of a difference?