Re:EU approves internet copyright law, including ‘link tax’ ...
by betterunix2 on Thursday September 13, 2018 @12:08PM
(#17979697)
The problem is that the gap between such platforms and Youtube is enormous, and long before they are even remotely competitive they will be required to spend vast sums of money on compliance. A secondary effect will be a reduced willingness to invest in small-to-medium sized competitors due to the regulatory costs and the risks of non-compliance, further hampering growth.
Much as I hate to admit it, the biggest reason US tech companies have been so much more successful than European tech companies is that the US imposes far fewer regulations, which allows companies to use more of their revenue on growth.
Source from legislation: In particular, small and micro enterprises as defined in Title I of the Annex to Commission Recommendation 2003/361/EC, should be expected to be subject to less burdensome obligations than larger service providers. Therefore, taking into account the state of the art and the availability of technologies and their costs, in specific cases it may not be proportionate to expect small and micro enterprises to apply preventive measures and that therefore in such cases these enterprises should only be expected to expeditiously remove specific unauthorised works and other subject matter upon notification by rightholders.