The Gray Area of Online Video

I came across a post about a new “DVR service” for online video:

http://www.engadget.com/2011/06/30/mediamalls-playlater-brings-dvr-to-internet-video/

As soon as I read this, and how PlayLater will generate revenue, red flags started going up. How can a company make revenue by wrapping someone else’s content in their proprietary security? Hulu doesn’t own that content. The consumer doesn’t own that content. And, most certainly, PlayLater does not either. But here they are generating revenue aga...