Which makes me think, what prevents me from putting a lens in front to the projector and directly imaging the projection into a camera sensor? Modern cameras can record lossless 48bpp equiv. video in 4K, it would pretty much be a 1:1 copy given sufficiently sophisticated optics.
Which leads me to the conclusion that the only reason why no one is ripping movies using Prima Cinema projectors and commodity grade hardware is the price. If they removed DRM it wouldn't make much of a difference, the limiting factor is already the price of the projector.