Not quite, Music you buy on iTunes does not have DRM and will play anywhere you copy it too. However it has your name, Apple ID, and email embedded into the MP3

Not quite, Music you buy on iTunes does not have DRM and will play anywhere you copy it too. However it has your name, Apple ID, and email embedded into the MP3 file and anyone you share the file with can use a tool like exiftool to look at the embedded info. Movies are another thing, they appear to be DRM free as long as they are on a machine that is authorized with the purchasers Apple ID. Once copied to a computer that isn't authorized, the movie will either refuse to open or ask you to authorize the computer with the purchasers Apple ID because once again all your info is embedded into the file. And if that wasn't bad enough, if you try to play a iTunes bough movie on a external device that does not support HDCP (High-bandwidth Digital Copy Protection) it will also refuse to play. I got burned by this once. There once was a way to remove all the crap Apple puts in their movies, but the software that could strip it out hasn't been updated for ages now.