flo The net result of the end effect isn't the issue. It's the presumption that SLR has any rights at all to knowingly distribute content that they don't expressly have an agreement to do so. By tokenizing and storing copyrighted content on their server for distribution, they would be breaking copyright laws. It doesn't matter that the end recipients might have the rights to play and store the content. The issue is that SLR doesn't, and thus can't tokenize the content no matter how much they wish they could.
There's no legal way around this barring making legal agreements with copyright holders, and that's too much work TBH.