The only alternative I think is to rip the subtitles and convert them to a textual format (SRT for example) and to load them externally by using BSplayer "Load subtitles..." menu item feature, and by disabling DVD ones.
This way you'll be able to move them wherever you want, and you can also change color and size of the subs.. The only downside is that you have to rip them off by yourself, or to find them on the net, but you also have to find them in your language and in synch with your video stream :roll:
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