Unfortunately (for the labels) this is completeley useless. Even if they managed to block it everywhere in the world, another torrent sharing site would appear right way (and that would be history repeating itself).
I mean, even now a cheap VPS can be purchased for ~$10/month with 1+TB/month bandwidth. With a VPN connection properly configured one could easily bypass these restrictions.
No matter how you approach it, the rights holders are going to lose this battle eventually.