We never really 'owned' music, we owned the physical casing in which it was housed, the vinyl, cassettes and cds (coverart, liner notes, etc), but we didn't "own" the music. Once purchased it wasn't ours to do with what we wanted, like we couldn't legally make copies or share. Now we don't even own the physical.
The End of Owning Music: How CDs and Downloads Died
Physical formats are cratering, but vinyl’s niche is growing. Jack White and other experts explain the future of listening.