Just digging into my new ATV4 and was very surprised not to find some of the many movies I have in iTunes - but in the cloud - on the ATV4. I went and downloaded local copies to my mac, and now they show up in My Movies under Computers on the ATV4. Correct my if I'm wrong but the ATV3 did NOT require the shared iTunes library to store a copy of a movie locally, right? The whole "search my media" is bad enough on the ATV4. But you have to have local copies stored just to find them on the ATV4? Horrendous.