The physical “why” has to do with Digital Rights Management that the content producers got put into copyright laws. I have a Kindle, my brother has a Kindle, but we cannot share books back and forth because they include software that prevents us from doing it.
Their ambition is to make you buy a separate copy for each device you want to use it on. With streaming services you get to pay each month for the opportunity to view their content. But you never actually own it.
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