Apparently, a new licensing agreement is being finalized that could make it legal for consumers who have already purchased a HD DVD or Blu-Ray disc to make a bakcup copy...
"Under a licensing agreement in its final stages, consumers may get the right to make several legal copies of HD DVD and Blu-ray Disc movies they’ve purchased, a concession by the movie industry that may quell criticism that DRM (digital rights management) technologies are too restrictive.
The agreement, if supported by movie studios and film companies, could allow a consumer to make a backup copy in case their original disc is damaged and another copy for their home media server, said Michael Ayers, a representative of an industry group that licenses the AACS (Advanced Access Content System) copy-prevention system."
Legally or not, these movies are going to get copied one way or another. Of course, leave it to the movie industry to figure out a way to charge more for something that should already be legal under the fair use guidelines.