Uploading Videos

Sorry this isn't so much feedback as a help request.
I've got a video I want to upload to the website, it's not copyrighted or anything, but I have no idea to reduce its size. I only have it in DVD format and when I copy it to my computer it is a VOB file which I can only get to work on DivX. Currently it is almost 1GB.
Any help to get it down to <200MB?
Should I download something like Ulead so I can chop if up a bit and try and keep the quality?
Is there an easy way to do this?
Cheers!
I've got a video I want to upload to the website, it's not copyrighted or anything, but I have no idea to reduce its size. I only have it in DVD format and when I copy it to my computer it is a VOB file which I can only get to work on DivX. Currently it is almost 1GB.
Any help to get it down to <200MB?
Should I download something like Ulead so I can chop if up a bit and try and keep the quality?
Is there an easy way to do this?
Cheers!