Apple TV wont play content unless connected to the Internet

I have added a few movies of my own, when I loose my Internet connection then, none of my content Purchased from Itunes or imported myself will not play on my ATV?

The reason to own this is so when your Internet is down, you can still be entertained. Apple really needs to open this up, so that once Home Sharing is turned on, it allows you to share with any device on your network, even when you have no Internet Connection. It should not render my media none usable when I have fully paid for and should be able to use at any point.