Yes.  The Beam 2 has virtual Atmos channels and will play Atmos sources. 

So will it direct sounds upwards and bounce them off the ceiling for immersive sound? Alongside the rear ones creating surround sound?….

Wondering how good some films are going to sound 

Yes.  It’s not as immersive as physical Atmos channels like the Arc and Arc Ultra, but it is pretty good.

Perfect. Thanks for the info. It its not a massive room / lounge to be honest, so I think it will be good enough, and I don’t like how big the arc is.

It will be 5.1.2, not 7.1 :) 

Here are the speakers and passive radiators in the Beam:

Tweeters One center tweeter creates a crisp high-frequency response.

Midwoofers Four elliptical midwoofers ensure faithful playback of mid-range frequencies and maximize low-end output.

Passive Radiators Three passive radiators enhance low frequencies for balanced, powerful sound.

And for the Arc Ultra:

Tweeters Seven precisely angled silk-dome tweeters create crisp high frequencies and clear dialogue. Two of these fire upward, creating dedicated height channels for spatial audio.

Midwoofers Six midwoofers ensure faithful playback of mid-range frequencies.

Woofers Sound Motion, a four-motor, dual-membrane woofer, delivers exceptional bass in a revolutionary flat, compact design