The story
The AACS LA consortium was founded in 2004 consisting of 8 companies which are Intel, Microsoft, Panasonic, IBM, Sony, Toshiba, Warner Bros. Pictures and The Walt Disney Company. The AACS standard was delayed 2 times, the first of which were caused by development issues, then the second from an important member of the Blu-ray group expressing concerns. At the request of Toshiba, an interim standard was published which did not include some features, like managed copy. On July 5, 2009 the license of AACS1 went online.
From Wikipedia’s article on AACS LA, shared under CC BY-SA 4.0.3