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It’s not “exactly like” physical media. The license portion is a similar concept. But the difference is that the variables that determine whether I can keep watching the content whenever I want, in perpetuity, lie solely with me as the person who physically possesses the media. The corporation from which I purchased the license can’t unilaterally decide to revoke my access to the content.
Hello brother. 🙏 May I talk to you for a minute about our lord and savior Brother Laser Jet Printer.