Regretfully continuing the analogy:
MP3 is more the equivalent to TV/480i Video. The masses where happy with that too, ask them "now" to go back and watch their Tube TV ... I think not!
From that vantage point, HiRes audio is more the equivalent to HDTV (HiDef ... hell it even sounds the same)
We all got a first hand seat on how the HDTV transition took place, with early adopters suffering through the upscaling effects of 480i video feed for years. Go back in your hot tub time machine to 1995 an ask "anyone" if they want to continue watching blurry TV and they would look at you real stupid. Go forward 15 years from today and same will be true with MP3's.
The Big 3 record company's who own 70% of the worlds recorded music have "finally" decided to convert their back catalog to HiRes audio. When the transition to HiRes is complete, nobody and I mean nobody will shed a tear for MP3 or even remember it existed. MP3 will be dead as dead, but yes, don't hold your breath waiting for this to happen.
Trying not to get trapped in analogical semantics ... my argument is the the transition to HiRes audio will be very similar.
OK, let's leave the analogy out of it. The assertion that "MP3 is dead as dead, there's simply no money left to extract from this format" is inaccurate. There is still a lot of life left in this format. Where are live there is only one Hi-Fi streaming service and their market penetrationis minute. I would suggest that a similar situation exists in most countries around the world.
Also, just to clarify, it was never the record companies decision that MP3 be the default format, this was the choice of the likes of Apple, Spotify, etc. In fact they are supplied full 16/44 audio masters.
The transition to HiRes audio may well be similar but considering, most markets are still transitioning to streaming I would suggest that it still has a long, long way to go. I also know from my partner that even though both are declining formats, DVD still outsells Blu-Ray by a considerable margin.
As a side note, many of my younger colleagues don't own a TV in the traditional sense with the usual add ons - Sky Box, Blu-Ray Player, DVD, player etc. They own a lap top and a Netflix account, that's it.