It will create a huge opportunity for new decentralized (IPFS-like) tech. that will run circles around this dumb regulation and force incumbent established players (YouTube and the like) to evolve or die.
Until the copyright people, after noticing that the profits they expected aren't up to their expectations, start digging deeper in search for gold that isn't there.
From what I can see, piracy doesn't hurt profits and as long as it's available only to technologically literate people, it will pretty much fly under the radar.
It will create a huge opportunity for new decentralized (IPFS-like) tech. that will run circles around this dumb regulation and force incumbent established players (YouTube and the like) to evolve or die.