The band should not get to lay claim all these different interpretations from their name alone.
Which is exactly what they're NOT doing. They had a name that was working for them for 25 years. They never sued anyone over using that name, because none of the other uses caused any problem for them. But now one has. When trying to find and identify a band named demon hunters, there is confusion with the movie. People can't find the actual band any more. It's only right for Netflix to compensate them for that harm.
I'm sure they'll settle out of court, and come up with a new band name.
Demon Slayers sounds obvious to me. Or maybe The First Demon Hunters.