I use a huge RAID-5 in my primary desktop PC, and then back that up to another huge RAID-6 NAS, and then also back up to single 1.5TB SATA HD's that I take to work. Haven't lost a lick of data in years and years...
Relying on 1 or 2 single drives is not 100% secure (but neither is my solution, but I'd say it would be highly unlikely that I would have all 3 storage systems fail on me).
Bottom line - What is your data worth to you? You likely have all of the original DVD's and Blu-Rays, but consider the TIME it took to rip them (likely hundreds of hours). If you do backup to single drives, I'd have 3 copies (1 internal, one on-site/near-line and one off-site / sneakernet).