Does this make any legal sense?

From the little I know, when you purchase a dvd you can do anything with it, including reselling it.

The service offered by the company which is "send us your dvds, we'll stream them to you anytime anywhere". In other words, remote reading of your dvd, without appliance needed on your part except the pc/viewer. As far as I know there is no law to prevent you from viewing your own dvd, however you may want to watch it.

Ownership of the dvd remains with the customer.

Add the possibility to buy and sell dvds.

Now everyone who uses that service can buy or sell a dvd to anyone who uses that service, without any shipping whatsoever, and with the instant ability to have it streamed, of course.

In effect, one purchase of a copy of a movie can now be resold indefinitely to provide people with the movie when they need it, thereby limiting the needs to those of a movie rental store, all while avoiding any other fee/tax.

Additionally, the company could have a stock of dvds (actually digital rights containers) that can be instantly sold for streaming to customers then bought back, or physical media acquisition, AND eventually resold through retail channels when they become obsolete (if the physical media is still new, as will be the case for the latest james bond movie that you needed eleventy beelion copies of at release day).

Now it all sounds real good, but does anyone know why it wouldn't work ?