Since I don't see it mentioned yet in the comments: In 2011, movie studios created a digital ownership service called Ultraviolet. You could own titles in your "UltraViolet Digital Rights Locker" and access them from multiple devices via third-party streaming services. [1] "The UltraViolet Digital Rights Locker will keep track of all of the consumers’ UltraViolet digital purchases, whether they bought a movie or tele…
Ultraviolet shut down, but mainly because studios had already signed onto a shared locker service called "Movies Anywhere" that Disney did join. Ultraviolet libraries could be migrated over, for the most part.
That being said, it was a manual and voluntary process most consumers likely ignored or didn't participate in, so in essence it could be seen as a revocation of licenses. I did the migration and lost no titles, but it was the final nail in my personal arc that made me move wholesale to Plex + NAS (now Jellyfin + NAS).