Here is a simple request, it has an input, output, and two watermarks. From what I gathered I can't apply -codec copy because I'm using a filter.
ffmpeg -i input.mp4 -i wm-bl.png -i wm-br.png -filter_complex "overlay=x=0:y=H-h,overlay=x=W-w:y=H-h" output.mp4
This does the trick, as far as watermarking is concerned, but the output is compressed into half the original file size.
Is it possible to watermark without losing video quality?