Sounds like Photoshop is receiving the raw stream from the DVD.
When you play an anamorphic DVD on a 4:3 display, the player actually compresses the image so it looks normal, and adds letterbox bars. The actual image itself, the way it's originally stored on the DVD, is stretchy.
I reckon the best thing to do is accept the stretched 4:3 capture and resize it, because that's exactly what the DVD player software does.
― Autumn Almanac (Autumn Almanac), Wednesday, 16 February 2005 05:48 (twenty years ago)