> All this does is to put a token nod in place that we don't want to kill the SMEs outright but once they grow enough to be "dangerous", they better start paying or else. And if they can't, tough luck ...

No, this means that when you get over 10 mil euro, then you have enough money to pay for third party solution to content filtering. This costs couple of thousands a month and you are covered. You don't need to create your own ContentID platform to comply with the law.