As presented the answer is simply yes. It will affect your viewing.
If I reset my "protected content" licenses on Adobe Flash, (through Fox.com), will it affect my ability to watch youtube videos, other network online shows, adult videos online, Facebook videos, or any other online video viewing? The Adobe popup windows says: "Resetting License Files will prevent this computer from playing previously accessible protected content. You will need to obtain new licenses from content providers to play any protected content again." So, would the video sources I described fall in the category of "protected content?" And, if I need to, will licenses from those sources be easy(free) to obtain? Thank you.

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