Ah No, HJ, you Can't. You do not own the rights to the movie just cause you grabbed a 5 dollar DVD outta the bargain bin at Walmart.
You own the Disk.
Sorry, but that's the fact.
Here, if you don't believe me.
http://www.mpaa.org/Issues_CRresrs.asp
hahahah yea the MPAA is a reliable source on Copyright Law.... hahahaha good one.
Look, DVD players have been being sold for years that skip automatically content that it deems offensive if you have the feature turned on.. in 2005 congress passed laws making sure that it stays legal.
There is no violation of making original or modified copies of content you own, you just can't distribute them or profit from them. A movie company can no more force you to watch a movie in the order and complete sequence it was created than it can force you to read every page of a book in order without ever skipping a word or page.
Its a ludicrous notion, By your notion, "Scratin" a record is a violation of the copyright law... it makes no sense... Fast Forwarding and REWINDING are violations of the copyright law... etc etc etc...