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Hot take: If I get the actual MP4/MKV/whatever, I don’t actually care about this and think it might be a good thing, hell, I might actually purchase a couple movies and TV shows through it.
If it’s just the same “license” that everywhere else gets you, then I ain’t buying shit.
Not much really. Plex hasn’t presented this as a normal subscription based streaming service and more of a digital storefront akin to Google Play Movies & TV. The way I’ve always seen it is that Plex Pass was more like a software license since it granted all the features of the Plex software library. Maybe Pass users will get a discount or something.