And that's one of the big issues with the EME proposal. It will ensure that DRM remains on video for a long time. It will make it impossible to view legal content in a complete free software stack. It will make the web depend on proprietary binary blobs from the three companies which are already controlling the majority web browser, operating system, and mobile device market share. Which means it will be hard to impossible to innovate in those areas if it's against the interests of those companies. This will have really damaging consequences.
Oh and you can do less things with a DRM'd media than with a non-DRM'd. Even though you technically have the same rights.
None of the big streaming-services supports the HW I have in my home-stereo rig. All of them supports H264 video and HDMI.
Not offering me H264 content uncrippled is leaving me, as a potential customer, no reason to sign up.