This is a super interesting take and I wonder how closely this reflects Netflix's actual strategic thinking. If so it's an interesting game theory question, because the whole reason rightsholders would want this is to guarantee the value of splitting up distribution to multiple local distributors, most of whom would be well outside the realm of matching Netflix capabilities. But if those players can't match Netflix's DRM and thus rightsholders won't license to them, then all they are doing is giving Netflix is a discount for restricted rights without any additional profit.