It does not matter where the content is produced, it is where it is consumed and Europe is a content consumption powerhouse.
This law intent is to prevent unlicensed content to be available to European consumer. That will probably mostly work, with the usual caveat and unintended consequences we all know about, here on HN.
This law intent is to prevent unlicensed content to be available to European consumer. That will probably mostly work, with the usual caveat and unintended consequences we all know about, here on HN.