Not if you move countries. I moved from the UK to Canada, updated my payment method and all UK purchased content was gone from my itunes account
And yes, there is some elaborate workaround to create a brand new account and share the original with the new but fundamentally I could no longer access what I purchased because I moved. And no, I didn't get a refund for the years of purchased content.
Geez, I feel like the default behavior for that move should be to refund the content that is removed, does the content become available if you move back?
Perfect example of why I haven't bought media for many years and won't be buying any media from BigCo.
They have been ffffing around for way too long. I can not wait for find out arrive and I hope it's excessive and very harsh.