I have in the last week got an iPad 2.

I have Skyfall on DVD with a digital copy code. I have managed to download onto iTunes and stored on my iPad. Now I can't seem to play the film as its trying to stream it.

I thought that once the copy was loaded onto iTunes I could then load it onto my iPad and watch with out having to use the Internet, or have I got that wrong?

How are you synchronising your iPad to iTunes, via the cloud or using iTunes? Either way you should find some settings to tell iTunes or iCloud what movies to copy to the iPad so that it does not need to stream them. Unless the digital copy code just gives you access to a web streamed version.