That's not real ownership. If they can come in and take the stuff you bought away at any time, you don't own it. If you own something, you should be allowed to make a copy of it and share it with your friends.
The arguments you provided earlier are the exact same arguments a media corporation would make. I know that technically you own a restrictive af license to watch the content, but in reality, it's pretty hard to call this ownership. Corporations hate the concept of people owning stuff. If they can sell this restrictive garbage as ownership, they can set a new standard and use it to further destroy ownership of media. The saddest part is that it works. Best Buy already plans to stop selling Blu Rays. This is the beginning of the destruction of freedom and media ownership. We really shouldn't be arguing over this minor BS, instead, we should all agree that piracy is absolutely justified when media corporations keep getting greedier and greedier.
Description isn't advocacy. I'm not "making an argument" because there's no argument to be made. It's a fact that Sony only sells limited access licenses on the Playstation Store. Yeah, we can both agree that it's BS and pirating is better, etc., but putting out misinformation that people ever owned that media to begin with accomplishes nothing.
Obviously you don't own the rights to a movie you buy on Blu Ray, but you own a copy of it. And you are free to do with it whatever you want. No one can take your Blue Ray away because you are the sole owner of that copy of the movie. When buying movies online, this is not the case. Practically, you don't own anything as it can be taken away from you at any time.