Yes, which avoids all compression artifacts that come from the cross-frame compression that mpeg does. There's a reason DCP is used in cinemas - those kinds of artifacts become a lot more noticeable on very large screens and are hard to avoid completely. But for now, you can't even get Blu-ray quality video over streaming which would be sufficient for everyone with nice TVs. Netflix takes a 250GB master and compresses it down to about 10GB. The dark scenes in most Netflix content make me want to cry. Macro blocking on moving scenes, and so on. It's the video equivalent of listening to 64kbps mp3s.