i agree and and will look at the option of Apple TV together with 2 external hard drives to save all my files on.If a DVD player is your only option to play the video, then yeah, it is what it is. You do lose the quality, though.
If you have an Apple TV, then you can use the iMovie Theater for smaller videos (it does count against your iCloud storage limit) or share the file through iTunes & Home Sharing.
If you're just looking to create videos then rewatch them yourself, I'd suggest investing in an Apple TV over a bluray burner. Unless you're needing to give out discs, you just may not need it that often. An Apple TV would let you watch the file that's already on your mac without transferring it to anything else.