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I don't think that there is any application that can rip a DVD to a hard drive and add a watermark at the same time. You are probably better off ripping all the DVDs to a single folder and then using a batch process like in a video encoding app like Cleaner XL to watermark all the videos. It will actually be faster and more efficient than letting each DVD rip and get watermarked then and only then swapping the physical DVD to rip and watermark the next one.
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