What this is showing is how geographically slicing up the rights to movies is highly damaging to not just Netflix, but to any movie or series owner. Every time that this occurs, it just means that to watch that series you need to subscribe to anything up to 3 services. Regardless of the validity of this, it just leads to piracy.

Once you get global distribution rights to major series, then piracy will probably fall greatly. Until then, either piracy will increase, or folks will bypass geoblocking. I think that the hope should be that people will bypass geoblocking, because the rights holders at least get some money. With piracy, they get absolutely nothing.