I'm more than fine with buying a whole new wardobe!!
We have about 300 DVDs atm, which compared to some people, isn't actually a lot. That doesn't include my tv series collection either. All bought copies too, btw.
I love being able to watch a movie whenever I feel like it. Not have to wait for it be shown on the telly, or the video store not having it, or they do, but it is scratched to all heck. Besides, I couldn't live without my Disney DVD collection!!