Hello, why do you think most of those sites are geo-restricted? Because of copyright laws. Circumventing those blocks in most cases means you're breaking those laws -- at the very minimum, you're breaking contractual obligations that you and the service are supposed to obey under penalty, and at worst you're committing fraud by claiming you come from a different country.
Using a different IP address is, in absolutely no way, a mechanism for claiming that you come from a different country.
If I live on the Canadian border, and get my internet access via long-range wireless from the US, am I committing "fraud" by presenting a "US" IP address?
If it can be proved, above reasonable doubt, that you're using that IP on purpose, with the only aim to bypass such geographical restrictions on content distribution against the will of content owners... well, it'll be a tough day in court.
Note that I'm not saying that IP == actual physical person or GeoIP == actual physical location. A lawyer would have to prove that you were using that computer, with that specific IP, on that date-time, and you were accessing that content in full knowledge of the fact that only US-based consumers were allowed to do that... Which is very difficult, but not impossible. Laws are always interpreted, at the end of the day.
Then they'd have to show that spoofing your country was actually illegal, as opposed to just against their policies. Don't fall into the trap of equating terms of service with laws.
Using a different IP address is, in absolutely no way, a mechanism for claiming that you come from a different country.
If I live on the Canadian border, and get my internet access via long-range wireless from the US, am I committing "fraud" by presenting a "US" IP address?