Re-broadcasting DRM stream within my home network

Hello

I have subscribed to liveuktv.com and it works fine on my Windows XP computer. However, I would like to watch the same stream in my living-room, on my modded XBOX (using XBMC), which is able to play any stream, except that it does not support DRM.

First I thought I would use windows media encoder on my PC by capturing the PC screen and re-encoding it real time, then connecting from my XBOX, which is on the same home network. It does not work (I just get a black screen at the other end).

Any idea what I could do?
Thank you!