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Amazon clearly lying about "ownership" on Prime.
(lemmy.world)
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Mmm... Sure. I think it's morally correct for yourself. But the copyright people? They'll argue all day that you shouldn't be allowed to pirate it even after ownership. You need to buy the same movie on, VHS, DVD, Blu-ray, purple-ray, AND omni-ray when it comes out. After all, there's money to be made.
Format shifting is legal in the U.S.
It's distribution that's an issue.
I don't know about the laws where you live. But here it is legal to make 'security copies' of any medium you bought. If you have to crack some kind of protection, that is an inconvenience.
You are just not allowed to distribute any copies without the proper license.
Won't someone think of the shareholders!