If you mean lossy, why not? Netflix could use this by reducing the information they send out to their users who recreate a lot of what was lost. I don't think

If you mean lossy, why not? Netflix could use this by reducing the information they send out to their users who recreate a lot of what was lost. I don't think for loss-less though, because they are inferring what a pixel should to be, i.e. they cannot be 100% any bit is every set right, just the probability that it is.