The big question is whether or not it will suddenly see an upswing in NET numbers of paid subscribers. If it doesn't, it's an own goal.
I was an occasional subscriber, would usually pay in the summer months when I could ride with less outer clothing and the conditions were more conducive to "training", but then not bother in the winter months when I was just simply riding. They'v lost me, and another chum of mine has done the same. I've not got a huge circle of cycling friends but that's two of us - multiply that up across the country and that's rather a lot, multiply it worldwide that's a helluva lot. Will enough people who weren't previously paying suddenly put their hands in their pockets to offset this? I reckon not, but time will ultimately tell.