Totally agree with amg56 re: NAS. it is an ideal and very safe storage for your rips, as well HD downloads, vinyl rips and other files (pictures, video).
Roon is a popular and very good, albeit a little expensive option. JRiver can be a cheaper option, perhaps not as glamorous - but with a lot of conversion tools and video streaming support.
There are also "native" NAS media servers, they are free, but not perfect.
I would disagree with necessity of wired internet (ethernet) to listening room. My Auralic Aries Femto perfectly fine streaming even very heavy DSD256 files via WiFi.
HD and 4K videos is a different story.
Roon is a popular and very good, albeit a little expensive option. JRiver can be a cheaper option, perhaps not as glamorous - but with a lot of conversion tools and video streaming support.
There are also "native" NAS media servers, they are free, but not perfect.
I would disagree with necessity of wired internet (ethernet) to listening room. My Auralic Aries Femto perfectly fine streaming even very heavy DSD256 files via WiFi.
HD and 4K videos is a different story.