Earlier quoted context omitted.
the blu-ray is encrypted and the player requires a key to decrypt it if you want your blu-ray player to be able to read blu-ray disks you sign a contract that says you will respect the revocation list if you change your mind later: your player key will be revoked and new blu-rays won't play on your device (it's actually more sophisticated than this... they can block specific players too)
That doesn't quite sound right to me. I don't think a new Blu-ray disc could be released that continues to be readable by some old readers but is no longer readable by other old readers.
you can obviously think whatever you want, but you'd be completely wrong
DVD supported this 20 years ago, blu-ray's system is far more sophisticated and can even block individual players
The approach of AACS provisions each individual player with a unique set of decryption keys which are used in a broadcast encryption scheme. This approach allows licensors to "revoke" individual players, or more specifically, the decryption keys associated with the player. Thus, if a given player's keys are compromised and published, the AACS LA can simply revoke those keys in future content, making the keys/player useless for decrypting new titles.
(from https://en.wikipedia.org/wiki/Advanced_Access_Content_System)the spec also supports a persistent CRL so a new disk can also stop your old disks from working