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Part of the answer is that toslink does not support DRM, while HDMI does. So they never was any compelling reason to improve it like that. They even removed to

Part of the answer is that toslink does not support DRM, while HDMI does. So they never was any compelling reason to improve it like that. They even removed toslink output from many devices nowadays even if they didn’t have too.

crtasm 2y ago
I'm reminded that it did offer https://en.wikipedia.org/wiki/Serial_Copy_Management_System https://en.wikipedia.org/wiki/Serial_Copy_Management_System