The pendulum is already swinging back from subscriptions to ownership and on device apps. I hope this little foray of our industry into SaaS and renting software comes to an end soon.
Are there any music download services showing numbers to support that assertion? I know that HN and the like talk about it a lot, but I feel like the public at large isn't trying to buy anything. They certainly aren't canceling a $15 Spotify account and turning around and spending $1000 to restore their playlists.
I basically did exactly that.. I canceled Spotify and pretty quickly bought tons of stuff. Check my "collection" at Bandcamp: https://bandcamp.com/amatecha
In a casual manner, I allot myself ~$15/mo (or more) to buy new stuff on Bandcamp. As you can see, it's going nicely and I have a ton of music from my favorite artists, also stored permanently on my NAS in mp3 and FLAC formats.
I'll step out on a limb and say that the kinds of consumers I'm talking about think that NAS is a rapper and think that FLAC is a short way of talking about the company with the talking duck. :-)