I don't know how it would even be possible with media files (since people know how trivial it is to relocate those) but I would actually be perfectly fine with a "license" if it used something akin to the GoG/GOO DRM model.

For those not aware, the gist of those kinds of DRM is that you authenticate with a server to get access to the file. The file may or may not be sent encrypted and then locally decrypted. After that, there is no DRM until you want a new version and you can copy it anywhere you want.

Unlike most here, I don't mind buying my media. Hell, I generally prefer it since I don't care enough to find a private tracker (and am not looking for that smoke on movies/tv...) and like having a proper 4k/hdr/whatever rip with whatever audio tracks I feel like ripping. Same with extras and so forth. With studios increasingly realizing they don't want physical media to cannibalize their service, we get nonsense of "Well... we might get Andor on blu-ray some day but, until then, enjoy a highly compressed and crushed version of what may be the greatest single season of TV ever made"

Theoretically, the various VOD services avoid that but... you still get the same shitty streamed copy for the vast majority. If I can get a proper 4k release that contains HDR data, actual 5.1 sound, and so forth for a reasonable price? Stick it in my veins!