Storage is vastly cheaper than it used to be, though. Like, thousands of times cheaper. When DVD launched, it wasn't really economically feasible to rip/burn them, because the storage needed was massive and expensive. Today, it's a question of how many dozen blu-rays you could rip to your hard drive, which likely cost less than a single hard drive back in '95.
File size as measured proportional to available storage space is decreasing, not increasing. Storage is incredibly cheap.