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NightDragon83 said:

Plus... in order for movies to really take advantage of the Blu-Ray format, they have had to have been originally filmed using high-end HD cameras. This is only true for movies within the past few years or so... all older movies that are transfered onto Blu-Ray are virtually the same as taking the existing DVD versions and up-converting them to 1080p. If you were to watch, say, the Wizard of Oz on Blu-Ray, there'd be virtually no difference between that version and the existing DVD version, and you're not gonna convince millions of consumers they need to re-buy all those movies yet again when the existing DVD versions are perfectly fine.

Actually films don't have to be filmed with new high-end HD cameras to benefit from BR. 35mm film for example has even higher resolution than 1080p. Actually almost all films in last 50 years have been filmed with over 1080p resolution.