usually yes it would. but i've made a template that will reduce the size and still keep the exact qualitty of the video(only tested w/ my anime thus far).
For example:
Rozen Madien
B4 converting
Eps 300MB+ each
720x480
mp3 192kbs
After
Eps 80MB-110M
720x480
Mp3 192kbs
The video was the exact same quality as b4, but way smaller in size. I'll upload StaxRip 1.1.7.0 w/ my template I made tomorrow since atm I'm uploading a JTag rip for the Xbox 360 for my thread on xbox360iso
As for movies and crap I only watch them on my laptop along w/ my anime. And I'm way to broke to even think about getting a huge tv.