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Sony erases digital content from libraries; we're reminded we don’t own what we buy
(arstechnica.com)
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If payment for a digital item doesn't confer ownership then digital piracy isn't theft.
Theft is if you take something away and they lose it. This is more of a licensing issue.
All the company is deprived of is revenue, at least that's what they think, assuming everyone downloading their content for free would otherwise pay for it.