We're talking about art, music, literature, movies. There's no small elite; anyone can create intellectual property to sell, share, or rent.
Similarly for works created collaboratively as corporate works. The original creators never had an ownership interest, but simply saw wage compensation.
I've now bought a blu-ray player 3 times from Cyberlink. What's going to happen to my blu-ray player when they go out of business? I doubt I'll be able to get it to play blu-rays at all unless I find a crack somewhere. The software I need to play the media I own is DRM'd lol.