But by then the new format will be pink-ray where each movie takes up 2TB of space and you will be in the same boat. LOL .. Do you really have that much media? And that price sounds way too high. You could use a large PC case to house us many as 8 Hard Drives.
The 2TB Seagate can be had for $240 so for $2000 you could have about 16TB.

PeachTree 65se, PeachTree D5 and SVS SB1000 - Stereo
M80s, M22s, SVS PB3000