iTunes Movies to DVD

What is the latest on this, is Apple still putting a DRM on moives you download from iTunes? I really don't download movies so I do not know a lot about this (getting music you purchase from iTunes onto a computer then onto a CD-R is simple), is there a legal way to buy a movie through iTunes then convert it to mpeg and burn it to a DVD? (I have the technology to do this as long as there is not a file embedded in the downloaded movie preventing me from doing this). I don't want to go out and download movies for free (pirate, I guess) but if I pay for it I think I should be able to watch it in the format/on the screen of my choice (personally I cannot fathom the notion of watching a movie on a tiny little screen, such as a computer monitor, sitting at a desk, let alone on a handheld). I have enough devices connected to my devices, not interested in AppleTV at this time.

PS: I had to make some choices to post this but I could be using any of a newish iMac, an older MBP or iTunes for Windows, to download the file.