Can you explain how this works? If there was no DRM, how would that lower their sales? Last I checked, things on Netflix were easily downloadable via torrents.

Are you suggesting that there are many shows on Netflix that someone wants to pirate, but the DRM is preventing them?

I'm saying that if CEO you do nothing to prevent piracy then you get blamed for all the piracy. If you're using industry standards, like DRM, to protect the content they can't hold you accountable. It's just a cost of doing business.

If one day the industry recognizes that DRM is useless and it's no longer demanded by content holders, then as CEO of Netflix you can abandon it.

Steve Jobs told the music industry to suck it up and deal, and they did. He was unable to convince the movie/TV industry to do the same.