Move widescreen format videos to the top and display subtitles in the black space on the bottom

There’s already an existing suggestion asking for an option to place subtitles below the video (e.g. if the aspect ratio is wider than that of the display or if the video is encoded with black bars at the bottom/top). Please comment/vote in that thread in order to help us avoid distracting or cannibalizing votes.
Unless I’m missing some unique aspect of your suggestion I’ll close this thread as a duplicate.