I mean yes, you never “owned” the IP, but this doesn’t change anything. You also never owned any movie on a DVD, song on a vinyl, or text in a book. Software is a strange beast in the world of copyright law, but, at least in my lay understanding, video game discs still have had protection under the first-sale doctrine, which means you were always allowed to resell, rent, give away, or destroy your copy. Ownership of the medium is still something.