This already happens to a huge extent and is put in place already by companies.
I live in Belgium the land of very poor internet services (no movie services, no TV services, no digital radio services) even apple doesn't have a tv or movie section... netflix here means police radar controls on the motorway.
The BBC website blocks all sporting coverage from the UK, even post match interviews even though no Belgian station is covering these matches. (iplayer doesn't work.) I would buy the BBC services if they were payable but they are not due to EU's archic broadcasting rights which is still split by geographic locations rather than by language.
I can get round it by paying per month to be routed through a proxy but this is difficult to monitor (ie only certain sites should go through a proxy) and my VPN was causing me problems but why should I have to go that way in the first place.
So I already live in a country where services are limited unless i'm willing to flaunt the terms and conditions of the service and purchase it by other means.

Not through government intervention by through necessity.