Alright everyone I got a work around from Apple Tech Support and it worked for me so I will share it in the hopes you have the same luck.
Go into itunes Movies section on your AppleTV
Search for a movie called "Ellis" (it is a free documentary)
"Buy" Ellis and wait for it to finish downloading
Go over to your purchased section and your family sharing content should be back
Weirdest work around I have ever heard but it worked for me. Tech support said they have engineers working on the problem now but this has been the way that pretty much anyone with this problem has solved it. She did say there was another way but this one worked so if you have any problems, give tech support a call.