I think as a publisher, you should be worried that Cloudflare is taking the first step towards the 2025 version of what “rights holders” have done to the movie and entertainment industry.

Imagine trying to create and distribute a movie without the backing of your local distributor/broadcasting cartel. Only instead of gating the movie theatre, Cloudflare is the single access to all things web. Also, based in the US, so good luck producing content their government doesn’t like.