It's totally dumb because it's not about getting a good deal for consumers or artists, purely about rights-holders maximising revenue. If they can't negotiate a good enough deal in a region they'll simply not allow it to be streamed. This is what happens when they separate the cultural value of "content" from the monetary value of it, the perceived desirability. Viewers and listeners want a good show to watch or album to hear, rights-holders simply want to get a good deal, regardless of what the stuff it.

Yeah, I once discovered an artist, even bought some albums, only to notice about a year later that the place I discovered them was now blocked in my country. If I would've come a year later, I would never have bought these albums.

So many japanese creators still limiting themselve to CD releases (local only obviously so get fucked and export them) or making it a limited edition is so annoying....

In some cases some songs might even be only available in country specific versions of an album