Storage is a problem... I have two rooms full of LDs; VHS; and DVDs. Which doesn't count CDs too.
I guess if you want LOTR on HD, you'll have to buy a player and the media.
I've never been to subscribe to keep waiting and waiting for better technology. I'd rather buy now and enjoy now.
I only own a handful of DVDs--I guess that reflects the favorite movies. "O Brother, Where Art Thou?" seems to be one I can watch over and over, so I bought it.
your room sounds like mine...I have all those formats as well...I am gradually reducing the LDs because of laser rot...with cheap DVDs when available...gotten so I hate waiting for the LD player to change sides...