> Nobody loses money if I cache a Netflix show to my device. The limitation is bizarre.

It wouldn't surprise me if some executive has an irrational fear of millions of people passing ipads around their family and friends with a downloads of movies/series as a way to avoid paying subscriptions.

That's the problem with DRM in everything. Once the levers of power are there, it takes one overeager bean counter or paranoid executive to use them to squeeze out more revenue or exercise additional control. In the era of physical media none of this was possible - I could lend my DVDs to as many people as I want without approval from Reed Hastings.