The largest studios could, in theory, go to the EU with a proposal for how they would like a single market for movies and music to work. They won't because they like the ability to have differentiated prices. Having to sell a movie in Sweden for the same price as in Slovenia translates directly to lost profit. Selling in Slovenia at Swedish prices results in lower sales figures and more piracy. So I doubt the big players are all that interested in help the EU on this one.
So, I just looked up the word "bureaucracy" in a dictionary and it says "a system of government in which most of the important decisions are made by state officials rather than by elected representatives.". I always thought that was what a technocracy was.
The secondary definition is "excessively complicated administrative procedure, seen as characteristic of bureaucracy" which is the only usage I can remember seeing.
Bureaucracy comes from the French word "bureau", that means office. It names the way things are organized in an office, and was created for private offices, only adopted for governments later.
It came into English in the early 19th century, carrying a similarly negative connotation. The connotations have shifted back and forth somewhat since then.
Still, it seems that it's never been primarily used to talk about private offices in English or French; the primary use has always referred to governments.
I would guess the speed is more limited by 27 governments having to agree on everything.