Another possibility is still a source leak, where 4k content gets lifted off Netflixes own internal content storage.
Another possibility is still a source leak, where 4k content gets lifted off Netflixes own internal content storage.
Cinema DCP packages, however, do - it's either watermarked at the DCP distributor or in the decryption module, but that stuff is out of reach for most warez crews.
But then only ~6 accounts to have >50% probability of seeing every combination of each bit and be able to combine them at random.
There's no need for that, the CENC standard has more robust watermarking support, but it's not really used in practice yet because it's not commonly supported by browsers and possibly other clients.
Assuming there is a watermark, how would you track them down? It's not like you need to register your hdmi capture device.
Now, as for whether or not you can distinguish the re-encoding from it's original source.... difficult but plausible in certain scenarios? Perhaps if the content was heavily re-encoded to the point where you can statistically determine the presence of the generational noise. With only a single re-encode it may be impossible to determine.
[0] https://goughlui.com/2016/11/22/video-compression-x264-crf-g...