A copy protection system for protecting content wherein a ticket and a watermark are created, utilizing a first time reference (TD) and a one-way function, to indicate the copy protection status of the content. A source device produces the ticket and watermark using a first time reference and a hashing function. The source device provides a data stream containing the content, the ticket, the watermark, and the first time reference (TD) to the receiver device. The receiver device determines if the first time reference (TD) is contained within a time window determined by a second time reference. When, the first time reference (TD) is contained within the time window, the receiver compares the ticket to the watermark using the first time reference (TD) and the one-way function, and based on the comparison, produces a signal indicating the copy protection status of the content.