Is it normal for a movie to require 295mb/s speed? No wonder is buffering

Turn off the subtitles. That should stop the video from transcoding. What happens then?

LG TVs do not support TrueHD audio, therefore Plex has to transcode it to a supported format. If subtitles are enabled when the audio is transcoding, it forces a video transcode.

This is how the Plex LG app behaves with subtitles:

  1. Enabling image based subtitles, PGS or VOBSUB, results in a video transcode.
  2. If audio is transcoding, enabling any subtitle results in a video transcode.
  3. If audio is direct playing, text subtitles, SRT & VTT, direct play.
  4. For ASS/SSA subtitles:
    1. If Burn Subtitles = Automatic in the Plex LG app, enabling ASS/SSA subtitles results in a video transcode.
    2. If Burn Subtitles = Only Image Formats, ASS/SSA subtitles, direct play, but formatting information (color, location, etc) may be lost.