There are several FAQ's on the web about "how to make a DIVX movie" but i can't give you the adresses because i just lost all my bookmarks.
All i can tell you now is:
I use smartripper to rip and decode a DVD movie and place it on my harddrive.
i use demacro 1.0 to remove macrovision from it.
i use flask mpeg for making low-motion and fast-mation divx movies.
i use makefilm TNG to merge the low and fast motion version of the dvd, and create a "best of both worlds" movie, which fits on one CD.
i use subrip 0.7 to rip the subtitles.
i use BSplayer to play the divx movie with subtitles or just the windows media player if i don't need the subtitles.
i installed both the divx codec and the radium codec.
there is a site called "divx digest" or something that i got most of my downloads from. and of course "Doom9"
Just read a lot of FAQ's and How-to's ... good luck!
I hope i helped you a little with this...