Strictly speaking, you don't have the right to do that under the licensing agreement for digital media. You're perfectly within your rights to lend your friend a DVD.
Indeed. Why is that acceptable state of affairs? Remember, we have a law that essentially tells everyone that lending / selling your DVD is legal. Why isn't there such a law for digital content? Why can I sell a Die Hard DVD but not a Die Hard movie file?
Because there's a difference between owning a physical copy of media and owning the rights to distribute it.
Why do we let that difference exist? You're trying to lead the debate about changing laws by quoting laws.
For a lot of people, the law is a source of morality. Whatever it says is desirable by definition.
So you believe spending 15$ on a DVD entitles everyone ever to have access to that IP?
No, what gave you that idea? Do you believe that companies should be able to give you arbitrary restrictions on any thing you bought?
>Why can I sell a Die Hard DVD but not a Die Hard movie file?