You're probably streaming an upconverted version. A true 1080p version of a movie will run over 20 gigs. I doubt Netflix is going to push that kind of data, and either way, I seriously doubt you're going to match the audio fidelity when you stream. Blu-Ray plays lossless audio, which is the best format short of a high quality vinyl record (and actually I haven't looked at the sampling rate of a Blu-Ray disc so this is a guess).

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