Earlier quoted context omitted.
DVD perhaps yes, until the disc degrades. BluRay no, because your player's keys can be revoked when you pop in a new disc.
Ok, how long do you have to rip & copy the content as you desire? It is still reasonably a forever version. Before you bring up laws around keys, first consider that jaywalking in front of your house is illegal too. Again, it is reasonably a forever version.
In most parts of the world it’s not illegal. That’s a seriously draconian law.