Having been banging around the world for over 50 years one thing I've experienced is that there are financial good times and there are financial bad times - I think most people have these.
Now the thing about subscriptions is that when you have the bad times they are the first things to be culled. Now I truly hope that it never happens to you, but could you imagine falling into one of these bad times, cancelling the subscriptions, and then finding that you have all of this wonderful equipment, but you can't even play your own music because the software player (yeah just the player - no content) you subscribe to will no longer work because you can't afford the payments
And having been through that is the reason why I absolutely reject the subscription model for such things. In the example I put forward I'd have still been able to enjoy my original CD player in the event I couldn't afford to upgrade.