There are a huge number of free market types who are against IP laws and they're a big part of computing culture. Names like the FSF [0] spring to mind. A market can't expose a fraction of its potential if people are banned from competing because someone else got there first. The only reason the software world did so well was because the FSF managed that inspired hack of the copyright system known as the GPL that freed up the market, in fact.

[0] https://www.fsf.org/

Yes, if there were no IP anyone could cheaply make a single-digit-nanometer-node custom ASIC to provide the alternative 4K-capable video hardware implementation. /s

Anyone? No, probably not. Some enterprising company in Shenzhen, who would sell the thing for $.25 a piece due to fierce competition driving prices down to cost of materials? Now that's more likely.

Single-digit-nanometer-node custom ASICs aren't really required to achieve this. Although there is higher latency this can and has been done on FPGAs at a company I worked for which designed and built custom AVOD systems for private jets and helicopters.