It would certainly take legislation (because companies have chosen that customer hostile, one sided contracts are currently in their interest), but I think extending something like first sale doctrine to “digital goods” would almost immediately open markets for format and resale.
In my opinion it doesn’t matter that there isn’t a fool proof way to prevent copies because companies have burned their goodwill and destroyed any post-sale value. Customers don’t understand that they are “licensing” content when the buttons they click on literally say “buy the digital version” (Nintendo), Buy (Xbox), Purchase (Steam), “Buy Now” (PlayStation), “Rent or Buy” (Amazon). They also have been burned over and over again through no fault of their own (except believing companies wouldn’t screw them over ) going all the way back to at least 2003 with PlaysForSure™ when Walmart decided to shut down their license servers and anything anyone had bought was no longer playable.
Likewise, if license servers need to be shuttered, customers must get the right to remove DRM encumbrance. Companies that sell DRMd content should be required to put unlock methods in escrow in case of bankruptcy.
So I agree. Long past time. Balance needs to be restored toward the public interest.
While I don’t like current copyright terms, if customer right to resell, format shift, etc. are restored, I feel like that at least brings us back to the state of the world 25 years ago. It wouldn’t make pirated copies any more legal than they are today (or selling a copy while keeping a “backup”), but all of that can be dealt with separately.