TunesKit Studio has released TunesKit DRM Converter for Mac 3.0.1, an update to their popular DRM removal solution for OS X (10.8 and higher).
With version 3.0.1, users can remove the DRM lock from iTunes videos while converting the protected M4V files to unprotected videos, including MP4, MOV, M4V, AVI, MKV, FLV, as well as MP3, M4A, AAC and other audio formats. The upgrade also sports a re-designed user interface.
A demo is available for download (http://tinyurl.com/kehukkh). Registration is $44.95.