Short answer: stylistic choice.
Fun detail: widescreen tvs are 16:9. That aspect ratio actually isn’t a film format. It was a compromise between 4:3 and 2.66:1 (ultra wide negative. Usually printed in 2.39:1 – 2.35:1). A 16:9 screen would show bars for both aspect ratios.
Nowadays a lot of tv is shot in NEARLY 16:9. A lot of content still has tiny black bars. But most people don’t notice that.
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