I mean does it? DRM is cracked within a week or two of launch now. companies are actively removing drm from their games a few months after it comes out because of the cost of licensing it.
AI has accelerated this if anything, and especially the server side stuff. Look at the destiny 2 private servers right now recreating lost content.
Go ahead and copy/distribute the game client, even reverse-engineer the server and launch a private instance.
You still don’t have the content.