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Airaku said:

You do not own your digital games, you own a license that gives you the right to play the game on the platform the licences is purchased for until revoked.

I mean, it's technically the same with physical. You own a license that is subject to copyright laws and tied to the disc/cartridge, sometimes also to online activation. If either or both are gone or deteriorate, so is your license, and you can't demand a replacement from the publisher.

Many PC games from the 2000s and 2010s are dead because of that, even to those who own the physical media.