I find this phrasing quite fascinating. What does it even mean to "own" a movie? If you torrent or rip it, you now simply possess a copy and with the ability to watch it without any artificial restrictions, but I'd hardly say that you "own" it at that point.
I find it so depressing that our legal system does not even have the concept of an individual having access to a movie such that they can play it for themselves conveniently without restrictions. Even when you physically own a DVD there is no "sanctioned" way to watch it without being forced to watch the commercials and legal disclaimers at the beginning.
Which reminds me of the irony always repeated in these threads, that the folks who rip or torrent the film never see these legal disclaimers and only the folks who obey all the "rules" and don't need to see the disclaimer are constantly exposed to it.
Why can't we have nice things? This world is so distopian.