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by mcbridematt 2963 days ago
I suspect the article is simplifying.

If multiple channels are involved (the article mentions "10 beoutQ channels"), it is quite possible they have worked out how to compromise the conditional access on the broadcast, allowing the stream to be viewed,processed (and rebroadcast) without the mandated set-top box, and avoiding any client-side watermarking.

Various Pay TV conditional access (read: encryption) have been cracked over the years, it wouldn't surprise me if there are undisclosed 0days floating around.