Juli Clover, MacRumors:
According to the customer who noticed the missing titles, Disney elected to remove the content from the iTunes Store, preventing customers who have purchased the movies/TV shows from re-downloading the content via iTunes in the Cloud, which allows users access to previously purchased content.
Yet again, the people who actually pay for content are getting screwed. Meanwhile, if you rip a DVD (grey area or illegal, depending on the country in which you live) or download other people’s rips (illegal), your copy of “The Lion King” will be available to play anywhere, any time. I don’t condone doing either of those things, but when someone with access to Handbrake and an internet connection shows more respect to their “customers” than the industry does to paying customers, paying for content is substantially less enticing.