I've just given up on collecting video at all. I've got walls of books and vinyl, and hard drives of music, audiobooks, and comics. You've got to draw the line. Netflix access is enough. 5 or 6 years ago I sold all my DVDs to the record store and have been much happier and richer since.
It's hard to google because of the Netflix Prize, but there's a group working on the "Netflix Project" where they amass rips of every DVD in the Netflix collection. Sick.
I used to think otherwise, but if there were some reliable service I could subscribe to that had literally all music that has ever been released on a label, I mean everything from Personal and the Pizzas to Grobschnitt, and offered it in a way where I could listen offline, I would subscribe in a second. I prefer access to ownership. The world doesn't need me to be its music archivist.