It's the same thing. You would just have to change the format. I'm really not quite sure if it would work with the Ultraviolet program though. Try searching online to see...?
But in general, it is sort of the same. You will still have whatever movie on your computer for you or whomever's viewing. Now, I don't know much about Ultraviolet, but I do know there are a ton of special features and whatnot you do not get with digital copy