Strictly speaking, ownership does not apply to content. One can hold the copyright, or not. You own the DVD, but you are not the copyright holder. Also: Copy

Strictly speaking, ownership does not apply to content. One can hold the copyright, or not. You own the DVD, but you are not the copyright holder. Also: Copyright law only disallows you from copying the DVD (and some other things, like making a public performance of the work, etc.), any license document which accompanies the DVD is irrelevant, and cannot remove any rights you already have. If the license would be considered a contract, it would be irrelevant since you have not agreed to it, nor signed it (or even read it). If the license would be considered a copyright license, it would only apply when making a copy (or public performance, etc.) of the work; it does not apply for you simply watching the DVD. In short, no, you have not been “granted a license” to view/play the content of a DVD – you don’t need one.