Amazon Prime Video is able to remove a video from your library after purchase.
We are contacting you regarding a past Prime Video purchase(s). The below content is no longer playable on Prime Video.
In an effort to compensate you for the inconvenience, we have applied a £5.99 Amazon Gift Card to your account. The Gift Card amount is equal to the amount you paid for the Prime Video purchase(s). To apologize for the inconvenience, we've also added an Amazon Gift Certificate of £5 to your account. Your Gift Card balance will be automatically applied to your next eligible order. You can view your balance and usage history in Your Account here:
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It's just a long term licence to watch it
Strictly speaking, so is a DVD or other physical media, per the EULA they flash across the screen for half a second before starting the show and therefore makes it legally binding.
The big difference is that nobody's running around trying to claw back DVDs. Whereas, with Amazon, its trivially easy to just click "Remove License" from the repository and snatch back an arbitrary number of licenses. Purely a question of convenience.
Of course, if you have a... uh... backup copy stored conveniently on a PLEX server, then they can't claw that back either.
They did try to do expiring dvds thank god it didn't work