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Is it correct that in Modern Communication sites, the app Asset library is not there even if you turn on the Team Collaboration Lists feature?

I understand Microsoft wants to force you to use Stream but the asset library was a useful tool.

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Asset library app is available once you activate the Video and Rich Media site collection feature. It is not part of the Team collaboration lists feature.

To activate it:

1) Go to your Site collection > Site Settings

2) Manage Site collection features

3) Activate the Video and Rich media feature.

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Once you activate it, you will be able to view the Asset library template in Add an app section.

Reference - Use the video and rich media feature in SharePoint

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