Tim Smith wrote:
When I'm done watching, can I sell the recording?
> The copy was lawfully made.  I own the copy.
> Seems like first sale says I can.

You won't be able to. The Supreme Court decision which
affirmed the legality of time-shifting refers to earlier
similar laws about audio recordings for personal use,
and the copyright code itself is full of detailed
specifications about certain groups being allowed to make
copies only for their own use.
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