That reasoning is completely false. Yes, the content industry insists that DRM must be in place to make a streaming solution work. On the other hand, Hulu work

That reasoning is completely false. Yes, the content industry insists that DRM must be in place to make a streaming solution work. On the other hand, Hulu works just fine. Clearly subscription media services work fine without DRM. The requirements for DRM are just a symptom of an industry that doesn't understand digital media, and believes that DRM is effective at stopping piracy.