I know it's illegal to copy and distribute such material. Since I own the copy I have, do I have the right to back it up to protect my investment in case something happens?
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Would it be legal then to use my backup copy to produce a copy should I lose the original? Is it possible to make a usable copy without bypassing copy protection?
I agree with kschang, the two laws are conflicting. One says you can make backups while the DMCA prevents breaking the encyption used on DVD's to be able to make a copy. CDs have no encyption so there is no question you can make legal backups of CD's