At the end of the day, the user's hardware/software has to be given a decryption key for the content, and the DRM scheme is all about obfuscating that encryption key so that users can't find it.
Not that it really matters, since HDCP has been cracked. There are a lot of holes here and a lot of problems with DRM.
0: https://forum.xda-developers.com/t/nvidia-shield-pro-widevin...
My impression is the stuff coming from the various streaming services is not captured and reencoded, but direct bit-for-bit copy of the original H.264 (or H.265) encoding (sans DRM). (Yeah, others will do reencodes later but quite a bit of the source material encoding comes directly from the streaming sites.)
http://bits-please.blogspot.com/2016/05/qsee-privilege-escal...
https://googleprojectzero.blogspot.com/2017/07/trust-issues-...