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They are most certainly inferring they are housing all the DVD's "somewhere"
And what is odd is they say they will provide you with a DVD as some sort of "key" to get you in on the program. So they must think that by you providing a DVD to the "pool" they have, then you're in on the first right doctrine/fair use angle.
But as I stated earlier, to me this seems like they are pushing it to the limits...
Edit:
I don't get the "register them on behalf of their owners" part at all. Register where?
"Putting them in the cloud" <shudder> certainly implies to me they plan on ripping.
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