"At the moment, software prevails to 'rip' a DVD off of its disk and store it on your hard drive in a digital format.
Does a software similar for 'ripping' Blu Ray discs exist likewise? Is it possible to make a copy of a Blu Ray disc I own, store it on my AppleTV hard drive, and enjoy it off the hard drive? "
You have the problem as the above guy. Nonetheless, just manage it with a Leawo Blu ray Copy, which is a experienced application for assisting you Code
http://www.bdconverter.com/how-to-copy-a-blu-ray-movie
Guide: Learn how to backup a Blu ray movie
Step1. Import a Blu ray movie to Code
http://www.bdconverter.com/blu-ray-copy
Just click "Source" drop down key to load BD/DVD source from your local data files or Blu ray Disc. You’re able to load Blu ray/DVD discs, Blu ray/DVD folder and ISO image as you like.
http://www.bdconverter.com/wp-content/uploads/2011/12/blu-ray-copy-source8.jpg
Step2. Set Target for output
Click the drop down box of "Target" to set target destination to store Blu ray/DVD output on your computer.
http://www.bdconverter.com/wp-content/uploads/2011/12/blu-ray-copy-target9.jpg
Step3. Do a lot of selections
Select Disc type; select Copy Mode from Full Movie, Main Movie and Custom Movie; set Disc Label. After you choose Main Movie or Custom Movie Copy mode, you can preview Blu ray/DVD data files and select audio and subtitle of Blu ray/DVD data files.
http://www.bdconverter.com/wp-content/uploads/2011/12/blu-ray-copy-settings10.jpg
Step4. Settings
During the Blu ray copying, that you can do a lot of settings about the application. Just click "Settings" key on the menu to set Workspace, Update setting, Proxy connection settings, and so forth.
http://www.bdconverter.com/wp-content/uploads/2011/12/blu-ray-copy-program-settings7.jpg
Step5. Commence to backup a Blu ray movie
Next just click "Start" to start out to backup a Blu ray movie with Blu ray Copy.
