DRM is pretty much mandatory in HDMI in home entertainment setup, and is controlled by the media companies' cabal, which is important to vendors in that space (who are often members too).
Also, lowest common denominator HDMI in TV format has HDCP decoder as the only complex part, you can theoretically drive a dumb panel with few fixed function ICs that aren't even related to HDMI. Simplest dumbest case you can advertise the bare minimum supported display setting in EDID, and plop few buffers and ADCs and drive an analog TV off it.
Meanwhile simplest possible DisplayPort implementations still requires that your display can handle packetized data sent over PCI-E PHY layer, with more complex data structures and setup information than "plop an I2C rom chip here, few ADCs and buffer logic here, and you've got HDMI without HDCP to analog CRT".