Don't know if it's what you are looking for:
when you play movie with subtitles press shift+down or shift+up to move subs down or up (you can also check subtitles right click menu). If there is black border below or above movie, when playing full screen, subtitles will be displayed there. Also if you set subtitles position offset to some big value (e.g. -200), then they will just be displayed as low on the screen as it is possible.
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