That is quite a bit different than copying a buddies CD ...
just sayin'

In the old days we recorded the radio and assumed it was OK.
Then we recorded each others albums to cassette and assumed it was OK
Then copying CD's was assumed to be OK
Then copying DVDs was assumed to be OK

It wasn't

Making a backup of something you own is much different than copying something a buddy owns (legally speaking)
Owning an old scratched up Led Zeppelin album and feeling entitled to the new mastered CD is a pretty big leap.

I do not work here, but the benefits are still awesome
Make your sound your own!