My Mi 4X tv is a 100% android 4K tv with L1 widevine support. I also have 100 Mbits internet speed yet I am not able to watch content at 4K/ UHD. The max quality it shows on amazon prime is HD, so I am assuming it is 720p. Any guesses about what I can do?
By the way, I can easily play 4k videos on Youtube.
What about Netflix? Your device may not have the necessary certificates.