If they didn't someone else would. Literally every single copy of paid media that is for sale works like this. You likely don't know that because with physical media they're not likely to come into your home and take back the DVD or CD you bought from Tower Records before they company folded. But you still don't own that music or that movie. You own the right to enjoy it for the life of the media through which you purchased it. You don't have the right to demand another Taylor Swift CD because you scratched yours. If you should decide to make a backup copy, that's legal. But I didn't endure the entirety of the 90's with the FBI threatening me every five minutes every single time I watched a DVD or VHS tapes just so you could claim that companies shouldn't sell media the way they have always sold media. The medium is different and therefore they can retroactively go in and take it back but the terms are basically the same.

Stream a movie to a crowd without the proper licensing and see if the media company who owns it or the FBI get to you first.

If your country doesn't have an FBI it likely has an agency that handles this similarly and I'm happy to Google that agency and the terms under which they would seek any kind of arbitration or damages.