Someone wants to become the Steam of digital video.
Good luck, I really don't see that taking off. They only really got the project rolling in 2010.
I dunno, steam for digital video would be pretty nice. Steam made buying games more convenient than pirating games for me, something like that could make buying movies more convenient than pirating them (assuming they were reasonably priced, which most movies aren't). If I could have a legal digital movie collection that I didn't need to worry about platform and I could own forever it would be pretty nice.
For my own personal purposes, Netflix does this job exactly right.
I NEVER watch movies more than once, unless it's with someone else who's never seen it before--and my friends usually have the same tastes as me, so they would already have seen it. I like watching some old TV series that would cost like $50 to buy, but instead I can go through them in a month for $9.99 by streaming them online at great quality. I don't own a TV or any console that could play DVDs, so I'm using my computer anyway.
The only problems I have with Netflix streaming is 1) no subtitles, 2) not everything is out yet. 1 is a problem with probably any digital option, and 2 is remedied by getting the physical discs (which I almost never even do anymore).
It's not ownership, but...well, renting is the new owning, I guess. Why buy something that you don't need to buy, when it's cheaper to rent?