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LG discontinues all UHD Blu-ray and Blu-ray players
(www.flatpanelshd.com)
This is a most excellent place for technology news and articles.
Yes most people use HDDs for this because their speed doesn't matter when they're just serving up a single (or even a dozen) huge files at playback speeds. They're slow for hosting your OS because of the quantity and speed of reads and writes but this isn't an issue with movies, TV, or music.