It will be good for things like medications, small electronics, and basic kitchen supplies.

Many contracts have long terms and took time and effort to negotiate. A law like that would have large revenue implications. It would upend the entire business. I wouldn’t be surprised if the entertainment companies take this to court or pull out of those markets entirely. The EU should not dictate product offerings. If people don’t like a service’s offerings, they can use another one. It is an abuse of their power.

Licensing laws are an issue though. Just because they pass a bill saying you can’t restrict access to content doesn’t mean that they can open it up to a market that their contract doesn’t allow for. This could end up backfiring and having them remove lots of content from all regions in order to comply with this demand.