Earlier quoted context omitted.
This seems about as good as can be expected for shuttering a digital store. There have been plenty of others that have not closed with such generous terms (any Plays For Sure™ store, Nintendo Virtual Console, etc.). For years I've thought that there needs to be precedent for the right of first sale extending to digital purchases, which would help in these situations. As a licensee of a digital work, format shifting s…
Digital rights management is the only application I can think of that stands to benefit from blockchain. (Other than money laundering, of course.)
A few months ago, news broke that UltraViolet [1] would shut down. It was a meta-DRM scheme that, for all practical purposes, was equivalent to a mapping of 'Email Address' -> 'Set of Entitlements'. Various motion picture rightsholders and digital media-serving providers integrated with it, so your rights could be imported and exported into their central list and grow over time. Although the service cost money to run, its decommissioning and the aftermath of your entitlements is a question of political will, and not a question of any technical reality. Vudu is one of the very few providers through whom you can bridge your rights over to its competitor-turned-replacement, Disney's Movies Anywhere.
If there were the political will to do so, the damn hashmap of rights could've transferred directly, but it didn't. Altering the storage scheme would've altered the basic economics of UltraViolet's hosting, but it's not an armor against studio after studio withdrawing from issuing and honoring such rights, as it actually happened.