Since nobody has answered your original question yet ...
Blu-ray (standard or UHD) supports a whole bunch of standards for audio, but at least one track must be "lossless." They can include an uncompressed (CD quality or higher) track at ~1mbit/s per channel, but almost nobody does except for a few mono tracks. Popular options are a Dolby "True HD" track (which uses the same Meridian compression format as Tidal's lossless IIRC) up to 18mbit/s, or DTS "HD Master Audio" up to 24 Mbit/s. High-res sample rates are allowed but not common, most tracks are
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Both Dolby and DTS found a way to shoehorn extra "object-based" surround effect tracks into those lossless systems, so the formats have a long life ahead of them as far as disc playback is concerned.
In the other side of the tracks...
Lower-bitrate streaming movies have been using the same AAC compression format as most music services (even for 5.1 tracks) until recently. it's probably cheaper to license and it sounded better at lower bitrates than the old Dolby compression did.
Dolby has captured the "premiere" streaming market by leveraging the popularity of the existing "Dolby Digital" (AC-3) 640kbit/s format (which has been ubiquitous since the '90s and is supported by broadcast standards) and extending it to a slightly higher bitrate. "Dolby Digital Plus" (E-AC3) goes up to 6 Mbit/s and supports lots of channels; you can also encode those channels with "object" metadata so stuff can fly around overhead on an Atmos system. (Activating the "Atmos" light on a TV or Soundbar is almost certainly the reason streaming companies are paying for EAC-3.)
Dolby Atmos "object coding" can also be rendered and sent directly as a binaural signal for headphones, which has made it popular with music streaming platforms. (They're usually not streaming 7.1.4 channels, they're sending two compressed channels that were "baked" for headphone surround at the studio. Not sure what Apple is doing with head tracking, but they're not sending you 18mbps to do it...)
To sum up:
Most streaming services heavily compress their audio streams compared to Blu-ray.
Blu-ray audio allows for ridiculous data rates, so you may not notice the quality difference.
Home theater surround sound systems can take advantage of the extra information capabilities in Atmos streaming audio the same way they can for BluRay Atmos tracks... But that assumes the studio is actually making an effort and not just faking it with lazy mixes repackaged to turn on a few lights on your brother's TV.
as with most things, the big difference is between good mixes and bad mixes, not between formats.