While this is a particularly terrible DRM system for videos and I'm sure there are some really pissed off people at media companies who are learning this the hard way, in practice this is really no worse than any other video DRM system out there when it comes to stopping piracy.
HDCP is cracked, the genie is out of the bottle and there's no practical way to put it back in without causing a consumer uproar. All you can do technically is try to prevent super casual pirating of digital content, because the tech savvy can't be stopped by any practical solution. (Of course, even if HDCP wasn't cracked the analog loophole would still render DRM on any non-interactive content mostly useless).
So ultimately this stupid system (even now that it is 'cracked') is still about as effective as any other when it comes to stopping that super casual pirating.
Exactly. It's not much safer if it's encrypted with AES compared to what they did, as long as you give the user all the keys. If the keys are RANDOM_STRING or 0x2ebfgh... also doesn't matter.
HDCP is cracked, the genie is out of the bottle and there's no practical way to put it back in without causing a consumer uproar. All you can do technically is try to prevent super casual pirating of digital content, because the tech savvy can't be stopped by any practical solution. (Of course, even if HDCP wasn't cracked the analog loophole would still render DRM on any non-interactive content mostly useless).
So ultimately this stupid system (even now that it is 'cracked') is still about as effective as any other when it comes to stopping that super casual pirating.