I have several movies and TV shows saved on my DVR that is rented to my from cable provider. Can I legally rip those movies and tv shows to my computer to watch at a later date? And what if at some time in the future I cancel the cable subscription, would I legally have to delete all of those movies and tv shows because I am no longer paying for the cable service or would I own that copy because I recorded them when I was paying for the cable service. The are from not only standard channels like TNT and TBS but also premium channels like HBO and Showtime.
As a general matter, federal copyright law gives you the right to "time shift" your viewing of lawfully viewed television shows. There is a paucity of authority regarding the precise facts you posit. However, unless your use of the recorded material is for other than personal home viewing, you should be okay.
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