Same with NYC apartments. I don't use a subwoofer. I know it limits the sound, but it's not worth the potential headache with my neighbors downstairs and next door. The guy downstairs has just grown up enough to calm down with the crazy loud music at 3am (sporadically). It's a delicate balance!
But, what I do some of the time is wear wireless headphones when I'm watching TV very late at night (like 3am) so as to not inconvenience my neighbors. That's just no fun (for my neighbors!). I'm a heavy sleeper...I can fall asleep practically next to a jackhammer if I'm tired and it's my bedtime.

And, actually, since I do live in NYC, there periodically are jackhammers going at the pavement downstairs from my apartment overnight(!)—they like to do the roadwork/rip-and-replace in the wee morning hours so as not to disrupt traffic during the very busy day. I live adjacent to an intersection, so this is a somewhat regular occurrence. The wireless headphones shut out the external noise and keep it quiet in my apartment: win-win.
Anyhow. I just bought a HomePod two months ago, and I'm thinking about using an AppleTV (instead of my current Roku) for all of my streaming needs.
I've read that I can also output video/tv/movie sound via the HomePod when watching TV. I'm very tempted to try it. But I really like my Roku, and although I do have all Apple devices (iMac, iPad, iPhone, Macbook Pro...) the AppleTV just seems so limited. I do have a lot of old ripped files from bluray/dvds on my network hard drive, and my
ancient 2011 LG LCD-TV handles those files relatively easily. The Roku did not handle USB or network media well at all. I'll be upgrading the TV soon, so that will probably relieve the USB/networked media play for the next couple of years. I just do worry as to the longevity of the ATV (iOS can be such a mess each new generation of device where older devices are concerned). Roku has an ugly interface, but it works very well. My model was old when I bought it and it is
still working well! LOL.
But, there's no way to do anything other than stream or AirPlay from my computer or something to an ATV. Not even sure why I'm going on about this. Just curious as to your thoughts on home theater sound and video as well as streaming device.
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WHOA! Queen LIVE in concert in 1985! Wow. Fabulous. I hadn't even thought about something like that. That sounds like it will be an amazing viewing/listening experience! Enjoy.
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It's like they say about cameras—the best one is the one you carry with you EVERY DAY—therefore, for most of us, it's an iPhone (best camera)!
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And I'm 51 and prefer digital-only media (streamed), with physical media such as BluRays only if I know that I will be able to RIP the file to a good digital copy and watch that. I don't even keep a BluRay player connected to my TV anymore. Just to my computer for data archiving and ripping files to MP4s. Though that is not often anymore.
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What streamers purchase via storefronts such as iTunes is a License. So, your licensed copy will not expire even when Disney removes all of its films from iTunes. Just no new copies could be purchased there.
With regard to OWNING music—I agree with you entirely. Music which I really
love and want to
always have in my collection, I purchase hi-res audio discs, or in the event the 'albums' are available as lossless digital audio downloads, I will purchase those directly. It's been a while since I have done that, but I used a French service Qobuz to purchase hi-res digital downloads for some music.
But many high-resolution digital offerings are very overpriced. In which case, I'll purchase the CD or SACD or whatever format disc and then RIP those files to lossless digital files. I like to know that when the disc is corrupted and the hd/device dies, I'll still have copies of my treasured favorites. It IS a lot of work. I have more than 10,000 songs as of a few years ago, all converted from CDs. But for the most part, now, I stream AppleMusic. Which just has such an extensive music library that I'm really happy. And for me, it has been a fantastic music discovery tool. I tend to explore laterally within a genre...which can lead all kinds of surprising and beautiful musical places! Especially as my tastes run a very broad gamut and I like to be surprised (acoustically speaking).

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LOL.
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Yet look at those bluray specs for the Queen concert which HDFan posted earlier: the highest resolution audio channels on the bluray are around 2400kbps and the video is at 27mbps total including the audio. That's for only 1080p, true, but with newer HEVC compression (which typically results in a 40%+ size reduction), what is 4K with 6 audio channels? Maybe 50Mbps? I don't have a 4K TV yet, so I can't compare or offer an opinion from experience. Based on the technical requirements though, it sounds like the quality
should be comparable as of now (4K bluray vs 4K highest quality streaming). And, for the compression present for streaming vs a disc, would most of us even be able to tell the difference outside of a laboratory?!