When you purchase music or other media from iTunes, you own a license to access and use that content, but not the copyright itself. This means you can listen to, download, and play the media, but you cannot reproduce, distribute, or sell it. The actual ownership of the content remains with the copyright holders, typically the artists and record labels. Essentially, you have the right to enjoy the media for personal use, but the rights to the underlying work are retained by the creators.
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