this post was submitted on 13 Nov 2023
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Not really over a 5 year period, especially if you talk about more than a single subscription service. If you mean by preserve as keeping a full 3-2-1 backup, then yeah sure, but most people don't need that. Double backup the truly important/rare content, everything else can be redownloaded in case of tragedy.
For posterity, 1 year of HBO Max or Disney+ is $150. Over 5 years that's $750. If you are someone who knows you annually rewatch content, then that's likely a guaranteed expense. Btw, if you pay month to month unless it's less than 8 months of the year, monthly is more expensive, so I'm being generous here. No managing monthly subscriptions is also a major benefit.
That price nets you at least six 8TB HDD's at $109 each, which 48TB is far more storage than most people would ever need so some of that cost can go to a power efficient Optiplex and some to spare for a VPN leaving you with at least 32TB.
As mentioned, each additional streaming service is going to exponentially increase that cost, further justifying your investment, and the peace of mind that whatever service hasn't removed it.
Technically you use your time to pay for "setting up and maintaining it" but... That's some BS honestly. Plex/Jellyfin are set up once and forget about them. Us nerds put in time to curate and go the extra mile, but most people can very easily have a simple low power server running. If they can set up the *arrs (not really very hard) then good automation for them, if not manually searching for what you want as you want it is one more step than a subscription. More steps if you need to sign up for the first time ;)
Granted - a streaming service doesn't charge you $325 for the initial server+storage, however streaming services also don't give you a lot of things for 2.10 years of streaming so I'd say it's worth the investment. And it definitely does not cost more to preserve your media if you subscribe to more than 1 service. If you subscribe to only one and cancel monthly and spend your time managing that then maybe. (but if you don't need 4k and consume that little content, you may still be better off with a Pi-like and a hard drive...)