I think you are asking about Content Protection using AAD right? It's not an out of the box feature, but can be built.
See this tutorial showing how to use AAD authentication along with AES-128 content encryption. It is best if you have some knowledge and background in security and identity before going down this path.
It is optional but recommended that you are familiar with the following concepts before beginning this tutorial:
Digital Rights Management (DRM)
Azure Media Services (AMS) v3
AMS content key policies using the AMS API v3, Azure portal, or the Azure Media Services Explorer (AMSE) tool
Azure AD v2 endpoints on the Microsoft Identity Platform
Modern cloud authentication such as OAuth 2.0 and OpenID Connect
Authorization code flow in OAuth 2.0 and why PKCE is needed
Delegated permission vs application permission
JWT token, its claims, and signing key rollover (included in sample.)