Yeah, but pirate groups are getting the original streaming service's compression without re-encoding (so-called "WEB-DL"), even of 4k content. There's a weaker link somewhere.
Ever wondered why netflix 4k web-dls take a while for less popular shows?
Netfliy monitors these more tightly apparently and blacklist keys that are used to download. Then the group needs to buy some new device, the old one is burned.
It's quite easy to grab the encrypted media files, as they go over the wire - do this from two devices and compare what you get. (you don't need to strip the DRM to see if the two files are identical)
If that's just a total of a single day, 365 cheap netflix devices per year certainly isn't out of the question, especially with the number of people involved in the many ripping groups.