Nvidia Shield black bars

I encountered this a few days ago as well. I found what appears to be a new setting.

To get to it:

  1. Start playing a video.
  2. On the player control bar, go to the Action menu (far right)
  3. Select ‘Playback Settings.’
  4. Use the ‘Display Mode’ slider at the bottom of the list.

The setting persists, so it should apply to any video you play until you change it again.