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Soundwave said:

The problem with streaming is there are bandwidth issues in North/South America and Europe will streaming top quality 4K content, so physical content is still relevant. Like there's not much point in wanting 4K for better image quality if said quality of video stream is like 4-5 mbps. You may as well just have bought a 1080P TV in that case. 

Obviously, if you have poor bandwidth or caps then streaming is not for you, however most movies today come on DVD (still massive) and Bluray which the PS4 and PS4pro (upscales to 4K) will play. What the PS4 and Ps4pro won't play are 4K Bluray disks since the content and the market is still very small.

If you compare the difference between streaming using say the H265 codec compared to the older H264 codec the actual stream is anything up to 60% smaller and I dare anyone who is human to tell the difference. Even if the streaming service does reduce the quality which they do most people won't be able to tell the difference unless you did a side by site comparison against a 4K Bluray player and even then most people won't care since all they want is to watch the show and move on to the next one.

Sure a videophile may be able to tell the differences and are willing to pay for the best but they are very much in the minority against people who are quite happy to stream or just play a Bluray at 1080p and in the case of the PS4pro upscale to 2160p if they have a 4K TV. Actually, there are still many people who are quite happy with DVD.

BTW I can see the same arguments happening again when 8K displays become mainstream in 3 to 5 years.