Another point to make is that Apple’s terms and conditions make it clear that you do not own any content you purchase from the company, but are only granted access until your death. That’s a much more complicated issue that may, one day, have to be dealt with by the courts.
Update (2014-03-10): Kirk McElhearn:
So be aware that, when Apple says you can “own” a movie, it’s not true. This differs from music, which, not having DRM, does not need an Apple ID and password to play. But for movies, TV shows, books and apps, you never really own them; you’ve just paid a price to use them until you die.
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