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I fear this may end up being the end of full Youtube access for Europeans. Youtube must either have a license with all possible rights holders, which is everybody, or content uploaded by Europeans must be checked by impossible filters, and I suppose content uploaded from elsewhere must be checked by those same filters before it can be shown to Europeans. So basically we're only going to get corporate content from Youtube. A small consolation is that it may also kill Facebook in the EU, giving more room for smaller, open source, distributed social networks like Diaspora, Mastodon and Friendica. If it's true that this only holds for profit-driven sites, as someone claimed in an earlier discussion about this. |
Most content hosting startups are likely to be too small to need to implement any tech at all, so they're fine as well for now.
The problem is that now it's practically impossible for a startup to scale up. The route to an exit for any startup hosting content and serving the EU is effectively closed, which is going to make raising impossible, which in turn will make developing a solution impossible. This law cements YouTube as the market leader in a way that no one can really challenge. They've been handed a de facto monopoly. That's the problem.