iPhone Event 2017
https://techcrunch.com/2017/09/12/apple-will-sell-4k-movies-via-itunes-and-upgrade-your-hd-purchases/
Apple is now selling and renting digital 4K movies via iTunes, in addition to its HD and SD resolution versions. The addition of 4K content, which you can stream as well as download, is mainly designed to support the new Apple TV, which supports 4K HDR output for the first time. Plus, if you bought HD versions of titles for which 4K HDR is available, Apple is automatically upgrading them for free.
This is a key piece of Appleās incentive puzzle for getting users to upgrade to a new Apple TV, since it means there will be a strong content pool that users can access right away. Apple will also be able to take advantage of 4K streaming content provided via Netflix, which has offered both 4K and HDR streaming on other platforms for a while now, and Amazon Prime Video, which is finally arriving on the platform as previously announced.