Questions about color range

[justcurious]

Hi and thx for the answer and explanation. I understand how this works, but I don’t understand why the PS5 video has full color spectrum.
I was searching the net before posting here and I found a few discussions on this topic, even here. For example: What does 'color range' mean and which setting should I use?

Here, I found the following quotes:

@st599

The easy answer is that the HD video specification (ITU-R BT.709) only has what you call broadcast limited.

Or here: Three questions [screenshot included to make it easy]

@shotcut

from now on I have to manually set all videos on all tracks to Full (JPEG)

If your video source is not RGB(A), then that is likely to cause a problem.

“Broadcast Limited (MPEG)” nonsense, what an unnecessary artificially induced nightmare, this is not 1995 anymore

99% of video in 2019 is still broadcast, streamed, or otherwise distributed using limited MPEG range.

That and the other answers I found gave me the (obviously) wrong impression, that most videos on a non-professional level are limited. I mean, the PS5 video is BT.709 and I don’t see anything about RGB or RGB(A) in mediainfo. Confusing!