Hi there Grade!
Firstly, lucky you living in Portugal! It's beautiful - I surf near Lisbon each time that I visit
Secondly, it's not just Portugal. It seems that outside of the US, films simply don't get released to BluRay and I guess it's simple - it's last century or at least pre 2010 in reality. It's all about multi platform in this amazing digital world and something that plays on a MacBook Pro, iPad, iPhone and Apple TV. It's about availability etc.
I can name so many favourite films of mine that never saw a Region 2 BluRay release along with most independent film (My Art, Summer of 8, This summer feeling) and all of my incredible life changing surfing and skateboarding film. Even brand new releases such as 'Paris can wait' by SONY don't get a BluRay release - instantly goes to iTunes HD.
It what sells, it how the world has moved on. We are all using iPhones etc and we have got used to be able to do everything on very few items now. In fact, if you look at me - I only own THREE electrical things in my entire world now - a MacBook an iPhone (which does what 250+ products used to do) and Apple TV 4K - I also have a new iPad Pro which is solely used as a digital portfolio for client use. Discs simply do not fit into this and the majority of people's lives. I guess people are doing more things and IF they have the time for a film, maybe decide on the spot or simply turn to Netflix. Discs are dead and even the most hardcore vloggers of YouTube are posting the same views. It's a bad investment.
DVDs in Portugal are speed up by 4% in order to make 25fps - so you really are not hearing or seeing the real deal. An iTunes HD or even SD film would be a million times better for any European DVD buyer because of this.
I hope that your internet becomes fibre - i'm sure that it will - five years ago, we had 6mbps now we have 900mbps as an option where I live! And it's been 100% reliable!
I'm truly excited with the future of streaming film. Just last week, Netflix increased their audio bit rate and put everything out at DD+ replacing DD. This is a H U G E deal. It's clear that Apple have the world's best servers along with investment and quality control/attention to detail - things are simply going to get better and better. It's wonderful - compare that to 15 years ago when the majority of people were watching DVD or even VHS video on a 28" CRT TV or smaller with fuzzy analogue picture / broadcasts. Just look at how the iPhone has changed the world in 10 years - 10 years ago we were filming in 480p - now we expect pro quality 4K 60 frames per second from something as tiny as an iPhone - something that also holds an entire music library, all of your HD iTunes films, all of your photo albums, has a beautiful camera AND camcorder, is a SAT NAV, an alarm clock, an egg timer, connects to a Pioneer CDJ for DJ'ing or professional radio broadcasting, a FaceTime device anywhere in the world for no cost, a social media device, syncs to your MacBook, a business tool and er, a phone! Amazing really isn't it!
I hope that you continue to enjoy the beauty of Portugal.
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Is your Apple TV connected via Ethernet or 5G setting on the Wifi?