Is it possible to have 2 iTunes Libraries, one for ATV and one for Ipod?

Question

Now realizing that I need two different fomats for my movies in ATV vs. the Ipod, and not liking the fact that now when I stream I have two of every movie showing, I am wondering if there is a way around this.
Is there a way to set up two separate iTunes libraries on the same computer so that you have one for ATV and one for the Ipod. Then you could goto the movies file in the first iTunes library (as well as whatever music) and pull all of the Ipod formatted movies out and put them in the second library for syncing with the Ipod. Is this doable or do you need separate computers? What about having the libraries on separate drives and then picking which library you wanted to use when you opened iTunes?

Answer 1

Yes, you can have two libraries, and there's a shareware program called Libra for easy switching between them. You should keep the Library file(s) local on your computer, but you can have the actual media files anywhere.
The only downside to having several libraries is if you have stuff that you want in both of them (like your music for example) you have to manually add it to both of them.
The Alternative would be to sync only playlists of movies - if iTunes would allow movie playlists. A workaround is to label the movies as two tv series (like "iPod" and "ATV") and have each synced to the respective device.