Been fighting an apparent HDMI HDCP issue for awhile.
Roku Ultra (current version) --> Marantz Cinema 50 --> Epson 5040UB Projector [Monitor 2] and TCL QM8k [Monitor 1]
No issues with E-ARC.
Isolated the issue to the Receiver when both video outputs are enabled, even if they aren't both in-use. Manually setting the output works.
If you search the interwebs, all they ever say is power cycling, cable replacement, and other standard layer 1 things. Receiver-specific guidance talks about upscaling, eliminating video processing, and manually setting HDCP version to 2.3.
Just throwing this out to the void in case others have similar #hometheater #hdcp #avr issues. Will see what Marantz says.

