Looks like the maths is a kind of raymarching loop if you want to read up on it.

But... https://twitter.com/netflix/status/840276073040371712

I wonder when they are going to remove this tweet?

It's 12-bit in the sense of 3 * 4-bits per channel.

This is in a large part because of the fact that salaries are paid with "license payers' money" and the scrutiny that comes with this.

This article is pretty ironic given this is exactly what the BBC did when they shut down BBC Store.

A meta conspiracy theory!