The new Apple TV supports QMS VRR (Quick Media Switching, Variable Refresh Rate) so that when switching from one framerate to another (like 24 to 60Hz) there isn’t a screen blackout.
However, changing resolution or dynamic ranges, still result in blackouts. But why?
I’m thinking this is an HDMI limitation/issue, but why is this not a problem for iPhones or built in apps?
You are correct, this is an HDMI limitation.