on LCD the light that is not used is disipated as heat, so the cooler your monitor the most light it can absorb, so can reach higher luminosity or lower darks, so higher contrasts, i do not think it would work on low end monitors/tvs but i have seen a few videos complaining about contrast being higher when just started up.
for oled i guess the same idea applies, the more light you want out the more heat those LEDs output, so if you do not want to kill them you may need to lower the overall brightness with heat, so reducing the contrast.
both are only guesses on my part though