Video's, DVD's and the Copyright Act.
The Copyright Revision Act of 1976 governs the rights of reproduction, adaptation, distribution, public performance, and display.
1. Owning a Video ≠ Owning Coypright
When libraries purchase Videos and DVD's for loan in their collections although they own the physical object, they do not own the copyright. Copyright still remains with the "Content Author" or "Producer" and it goverened by the Copyright Revision Act of 1976.
2.Owning a VIdeo ≠ Having the right to hold a public viewing.
Unless a library purchases a video that comes with public performance rights, it is illegal for the library or faculty to use that video for in-house viewing or programs that do not satisfy "Fair Use"
3. Fair Use authorizes the use of Videos and DVD's under particular circumstances. See "Fair Use" Section 107 US Copyright Act.
FAIR USE Responsibilities
The person borrowing the Video or DVD is responsible for compliance with Copyright Law.
This information is taken from ALA Library Fact Sheet #7- Video and Copyright.
Movie Licensing Information