@linnvolk many ways to do this from simple to not... just like playing ripped music. The simplest way would be to copy a few movies onto a USB stick which you would plug into your TV or HT amp and watch on your TV. Of course you can always watch on a computer but that's not my first choice and probably not yours either, altho you could push the content from your PC to your TV via Airplay or Chromecast.
After that, the most popular choice would be a media server like Plex. Plex will also play your music. There are free alternatives like Jellyfin. If you really want to get crazy you can put the movies and music on a NAS (Network Attached Storage) device, but that requires both a computer and a NAS and a fair amount of tech savvy. But if you can pull that off you can watch your movies and play your music from anywhere in the world where there's an internet connection.
@gowanus, no, I did not know that, but it stands to reason. I have much less interest in movies than in music, and do not miss the ability to watch DVDs. Except I wish I could view the original versions of the three first Star Wars movies (without the CG additions).
Out of curiosity, what would I do with the ripped DVD content? What would I play that on/through?