I took conradev to mean "the model of distributing the same content to everyone via traditional (passive) CDN". Movie theater watermarking is done during playb

I took conradev to mean "the model of distributing the same content to everyone via traditional (passive) CDN". Movie theater watermarking is done during playback, but if Netflix was going to do watermarking, it would have to be done prior to delivery of streamed bits or it would be susceptible to the same "it's just software" attacks as any other local software-only approach to DRM.