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Originally Posted by Ruined
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That is typical press release speak doesn't really say anything. Preferred format, as opposed to what? That is not being clarified, and it certainly doesn't have to mean "preferred format over all others, including 4K UHD".
My guess is that the directors prefer a/any physical release over digital streaming. Who knows whether they even considered Blu-ray vs. 4K UHD.
I would refrain from interpreting anything more into this statement.