Building media server for home. Need advice

I am planning on building a multi-media server that will be able to store uncompressed rips of my entire dvd, blu-ray, and hd-dvd collection. I have over 5000 titles that include many seasons of various television series. This being my first computer build I would like a second opinion on the parts that I chose. 2 Intel Xeon E5-2670 2.6GHz 8-Core Processors because of their affordable price and popularity with server builds.

2 Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Coolers
ASRock EP2C602-4L/D16 SSI EEB Dual-CPU LGA2011 Motherboard
2 Corsair Vengeance Pro 32GB (4 x 8GB) DDR3-1866 Memory
8 Seagate Archive 8TB 3.5″ 5900RPM Internal Hard Drives
EVGA SuperNOVA G2 750W 80+ Gold Certified Fully-Modular ATX Power Supply
Microsoft Windows 10 Pro OEM 64-bit

Would a server made up of these parts work?