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One of the possible solutions here, which would still require a blu-ray player, is to burn the HD footage on DVD (SL or DL) as AVCHD.
Sony and Panasonic created the AVCHD “codec”, so you could play these on most, if not all SOny and Panasonic Blu-Ray players. You would then not have to purchase a blu-ray burners and blu-ray discs until you are ready to.