Snackos: So...is netflix worth it?
yes
I don't see a way to see their catalog without signing up first?
correct
Do they have lots of older movies or just recent releases?
almost everything on Netflix is at least a year old. There is loads and loads of rubbish, but also loads of good stuff that is a bit older if you look for it.
Also, what chances are there that the likes of netflix catch onto this trick and stop it?
I would say given we now have 2 major ISPs doing it in NZ, the chances have just gone up again.
The pressure on the studios from legitimate rights holders in NZ (Sky, TVNZ, Mediaworks, Quickflix and Lightbox probably) will be immense - they pay huge $$ for NZ rights, and the studios aren't holding up their side of the contract by stopping other providers selling the content.
The studios entire business model is based upon global price discrimination. If the studios don't force Netflix to hold up their side of the contract (Netflix aren't allowed to sell to NZers by the terms of their contract, they don't pay a single dollar for NZ rights) and the volumes of customers acessing Netflix illegitimately grow, the studios entire business model falls apart.
When it was just a few thousand people doing it, it falls under the 'not worth the bother', but when 2 major ISPs do it, this may tip the balance towards stopping it, especially if it encourages Australia and other countries to do the same thing.