Using Netflix as an example. Without a VPN, some countries have less than 10% of the USA's movie/show library for the same price after conversion. This is ridiculous of course. And then there's locale shows (Danish, Polish, Japanese...) which aren't aired outside of those countries or a set of allowed countries.
I don't disagree its annoying for a consumer, I live in Europe. However, a publisher has to license the content from a producer, that producer (or distributor) sets the price on a regional basis. In the US the ROI likely stacks up better than for Luxemburg. A publisher (Netflix etc) would prefer to have a simpler model, but it has to make sense financially. Part of the reason large publishers are also increasingly producers, not just for exclusivity of content.
