Update: There are now 3 versions!
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34gb 1080p Blu-ray quality with DTS and AC-3
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10gb 1080p version with AC-3
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4gb 720p version with AC-3
I had originally hoped for a 2gb 720p but I could not get the Ahch-To flyover shot to look right at that bitrate. It’s unfortunate, because the 2gb encode looked very good otherwise (even had much of the grain preserved). If anyone has any recommended ffmpeg X264 settings, I would be happy give it a try!