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Ok, so I bought a few movies on iTunes, am I reading things right in this forum that Apple puts DRM on all downloaded iTunes movies? so they can not be played on anything but iTunes?

Just curious if this is the case because then I will stop buying content from iTunes, except music which is DRM Free?

I might have heard and read incorrectly this is why I am trying to confirm.

i buy some movies on itunes, but your best bet is to buy the blu ray with an itunes/ultraviolet digital copy for movies you want to watch more than once
 
Best to buy the DVD then use handbrake or if your lazy just buy the DVD and then download a DVD rip.
Make that BluRay.
You can just play it from the drive, or with MakeMKV you can copy selected streams to a nice MKV package. For example just the main feature with 1 audio track. It is usually around 15GB.

DVD is a totally stupid medium today: it is made for either 50 or 60Hz interlaced CRT TV's at either 480 or 576 lines, with weird anamorphic stretching.
It also damages the original movie with either 4% speedup (PAL) or 2/3 telecine.
I experience that BluRays are often available at dump prizes too, so get that whenever possible. It has the highest quality of all sources, even vastly superior to the best streaming solutions like Netflix HD or iTunes HD.
 
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