I will add, the marketing department for HD audio labels will tell you they are remixing the music to take full advantage of the higher resolution format without the limitations of CD audio. Of course, that's all 100% bullshit, but consumers fall for it.
As shown in the video, CD-Audio can extremely accurately reproduce 95% of everything our brains can hear.
When the DVD-Audio format was being developed and standardized, the researchers who did the basic work on what the format should accomplish stated their researching in a series of technical white papers, also published in Audio Magazine. The most ideal format which solved absolutely every limitation of the CD-Audio format (16 bit, 44,100Hz sampling rate per channel) was a format which was 18 bit and 64kHz sampling rate per channel.
The reason for 18 bit sample depth was that analog components such as resistors, capacitors, rectifiers, etc. all had a self-noise which prevented any audio component to have a S/N effectively greater than 104dB. So, with 18 bits and using dithering, the digital signal would exceed the limits of the equipment reproducing it by more than 3dB.
The reason for 64kHz sample rate wasn't to reproduce frequencies above 22kHz (the limit of a decent 48kHz system already in use by DAT, MD, and other common digital formats). Instead, the reason for the higher sampling rate was to eliminate the ringing and phase issues with the analog filter put on the DAC to remove the sampling rate noise. At the time (mid-90s), the biggest difference between consumer grade DACs was how it's low pass filter performed, and if you recall the quality test bench reviews in the magazines back then, that was measured in impulse response (preringing and postringing), phase, and micro-amplitude response characteristics. By raising the sampling rate to 64kHz, the low pass filter could be shifted up to 30kHz rather than 20Khz or 22kHz necessary for 44.1k and 48k formats, and thus effectively eliminate the sometimes audible negative attributes of consumer grade DACs. Remember, back then issues like RF/EMI noise and Jitter were still extremely common and often audible.
However, since those days DACs have been refined to the point that we no longer talk about those issues which were audibly in some cases in consumer gear.
The reason DVD-Audio settled on 24bit / 96kHz was that the pro market was already flooded with hardware which easily supported those specs and it would be affordable to design, manufacture, and deliver the gear. They knew it was overkill, but it was easiest to deliver and market. However, the Marketing Departments all went ape-shit and sold us on the idea that higher numbers ALWAYS translate to better sound. That tested well with consumers, so 192kHz sampling was added to the format standard shortly after that and now we have some people promoting 384kHz sampling rates, which is outright stupid.