> In many cases multiple companies may own the rights to the same show for different regions
Yes. And the only reason for many of those "different right in different regions" is greed and shortsightedness.
> Probably worth much more than the 1% of people who switch countries AND have picky preferences on languages/subscribing to multiple services.
You're completely ignoring all the other people who are willing to pay money and watch content that is region-locked for no reason. A German will happily watch original content from the states. Because it's not middle ages anymore, and people are quite happy watching content in multiple languages, because they know them.
It doesn't
> In many cases multiple companies may own the rights to the same show for different regions
Yes. And the only reason for many of those "different right in different regions" is greed and shortsightedness.
> Probably worth much more than the 1% of people who switch countries AND have picky preferences on languages/subscribing to multiple services.
You're completely ignoring all the other people who are willing to pay money and watch content that is region-locked for no reason. A German will happily watch original content from the states. Because it's not middle ages anymore, and people are quite happy watching content in multiple languages, because they know them.