Yes, but it also fails to make much of an antitrust case about this. I mean, is Widevine licensing anticompetitive? Discriminatory? Surely it would be hard to make a competitor for it. But at the same time Apple and HBO seem to be streaming a ton of content without it.
The harm to open source media playback is real, but that's not an argument about market health. Frankly I'm pretty doubtful much antitrust hay can be made about this. We watch Microsoft choke Netscape to death in the 90's, and at the end of the day nothing happened. Maybe Google will be forced to spin off the Widevine IP to a separate company, I guess. No one is going to kill Chrome for you.