Exactly. Netfix exclusive/produced content, assuming they take these complications into consideration in the first place, gets a leg up over the traditional content while the industry fights to shove genies back in bottles.
A recommendation: Kodi with add-ons is easier for the non-techies - and streaming MAY (IANAL) be less legally exposing than outright torrenting. The industry needs to realize that this is the next frontier they are competing with, and the geo-restrictions are a hurdle consumers will work around - they don't care about the complex contracts - if I pay the same as a US subscriber, why should I not have the same access? If Netflix simply pushed forward with their exclusives, and not restricting those, it might hasten the demise of the restricting media rights holders, as it chokes off their revenue. After all, there are only so many hours I can watch in a day, and you won't get view counts from the customers that are cut off.
Hell, just think of the throngs of lawyers studios could drop from the payroll if they just sold their rerun rights to Netflix globally, and a view anywhere generated the same royalty.