For the time being, high bandwidth HDMI cables costing thousand plus from Monster Cable and other brands are not necessary, we don't need that much bandwidth actually, ordinary HDMI cables can carry 1080p signals and lossless audio codecs easily for up to 6m. Unless in the future, we have a thing called Ultra HD (1440p) with 36-bit colour space, then, there's a need for such cables. For the time being, just enjoy what we have first, there's not such thing as future proof, who knows, maybe later got HDMI v1.4 cable leh? Right?
That's normal if the player failed to communicate with your LCD, it's a handshake problem. Always select the HDMI input on your LCD first then switch on your player.