Expect to see this result in a spike in piracy — and lawsuits, since the film industry is still in the “sue your customers” phase of adapting to digital markets — but for WB to make money hand-over-fist anyway. It IS Harry Potter, after all.

Meanwhile, I’ve all but stopped buying videos due to the current fragmentation — DVD’s are obsolete and low-quality, Blu-Ray is still a niche format and may not exist five years down the road, and legal digital videos are almost always DRM-encumbered. I realize I’m not representative of the mainstream movie market, but, well, Netflix has problems of its own.