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Max users grandfathered into $15.99 ad-free plan lose 4K, HDR next month
(arstechnica.com)
This is a most excellent place for technology news and articles.
Plex has made it clear they're trying to go "legit", focusing on features like their FAST service for free movies and TV, instead of addressing issues and features for the normal video hoarder user they originally catered to.
If you have Plex already, and especially if you paid for a lifetime membership, it still works fine. But if you're new, I wouldn't recommend it. Emby is also ok, but I'd definitely recommend trying Jellyfin first.