[Atticus Brady]"I have a DVD of a live music performance that I want to rip to my computer, converting it into a FCP-compatible file. (And yes, I do own the DVD.)"
While it's nice that you own the DVD, it doesn't mean squat from a copyright-holder's point of view. Mere ownership of a copyrighted CD or DVD doesn't give you the RIGHTS to the content contained on it.
You'd better be doing this for personal use only. If you're thinking of a destination like YouTube, you're skating on thin ice.
Sr. Promotion Producer
KCRG-TV (ABC) Cedar Rapids, IA