No, decryption keys are tightly held and inaccessible to general populations and small manufacturers and those used by illicit capture cards are regularly revoked iirc.

In regards to that, i assume that manufacturers have to apply for a cert for their device and then embed that cert, correct? Then if the device is found to be stripping HDCP the consortium can revoke that cert, but how? Sure you can do it for PCs and consoles, but are blu-ray players connected to the internet and auto-updated nowadays? Otherwise it'd be pretty easy for Chinese manufactures out of reach of the DMCA to just release one every few years and have it work for all devices prior.

"are blu-ray players connected to the internet and auto-updated nowadays?"

Some blu-rays force you to update before you can watch them. Also, the key revocation lists can (I believe) be included in the blu-ray itself to make them work offline, too.

yes, keys can be revoked [in offline players] by inserting a newer disc with a newer version of the "media key block." wikipedia suggests they're up to version 78 of that data.

https://en.wikipedia.org/wiki/Media_Key_Block

Easier to just recover via camera at this point.

Kinda. You need access to a decryption key. The ones known to be leaked will be revoked, so you need one that cannot be revoked, because the financial fallout would be too painful. That's why WEB-DL rips are typically made using the DRM keys extracted out of very popular consumer TV models.

So the WEB-DL rips are saved using homemade capture cards with the decryption module from popular consumer TVs since those can’t be revoked as they would brick those TVs?

Alternatively you just plug into the output of the decryption module in the monitor before it hits the screen?

Roughly yes.

I believe you can also in some instances skip the hardware capture card and instead capture the data stream out of the host's RAM.

Inside the monitor, the decryption module and the main SoC controlling the hardware are usually the same physical chip, so grabbing data there will be close to impossible.