In a world of digital media, ranging from e-books to movies and music, consumers have often questioned the difficulty of loaning or selling their originally purchased items. In an exciting development, Apple has now developed a way to transfer digital content while also protecting the rights of the publisher.
In three patent applications filed in 2011 and 2012, Apple outlines a method similar to selling a house by transferring ownership of the front door keys, only for iTunes purchases. Driven by digital rights management (DRM), the process gives owners of apps, e-books, music and other digital items rights to loan and resell "used" items to other people...