Does Legal Online Video Content Delivery Exist?

RingDev asks: "I'm working on a system integration project for my CIS capstone. One of the systems we are integrating is a Windows MCE PVR. One of the topics that came up implementing a movie on demand or rental system using an existing online content provider. But the question we have run into is, are there any? Is the only option for online video content (TV shows, movies) P2P and BT clients? Is there no company out there that handles licensing and provides DRM'd content?"