Hi
I've recently switched from a dedicated DVR for my cord-cutting needs to an Apple TV 4K with Channels and a DVR subscription. I've noticed a slight issue in that when DVB subtitles are turned on from the GUI, it takes a long time (sometimes minutes) for the subtitles to begin displaying on screen.
I've played back the same stream in VLC and the subtitles are there at the relevant point and are displayed immediately by VLC.
EDIT: This is for UK DVB-T2 reception BTW (AKA "Freeview").