It amazes me that people keep bringing this up recently as though it's new. This has been the case since forever. When you "bought" Mario for your NES, you bought a license to use it; when you bought a music record, you bought a license to play it, for yourself. You never "owned" it, because that would mean they no longer do.
Just because you could get away with doing whatever you wanted to with your copy (pirate it, copy it, sell it), doesn't mean you were allowed to.

And yet, people are just now acting like it's an outrage. I really don't understand the surprise.

When you bought a music record I'm pretty sure you bought the record, not a license.

"You are granted a limited, non-exclusive, non-transferable, and personal license to play or use the Software for your private, non-commercial use on the system or device it was intended for."

I'm pretty sure that's not what you got when you bought a record. When you buy a record you have to abide by copyright law, yes, but beyond that, you can do whatever you want. Sell it, rent it out, lend it out fo free, give it away. You could make a personal copy to play on a tape machine. And the record company couldn't come take it away or alter it later.