No, this isn’t scaremongering.
Basically the EU wants to kill all independent media so that only itself and large corporations have any power. This poses a massive threat not just to free speech but also to the game community. If this happens it would basically kill game modding for example by making it illegal to make game mods unless you get written permission for each and every single mod.
What is your reaction to this? I for one can’t believe the EU is sinking this low. I would the public outrage to this will destroy the EU.
EDIT: This law isn’t just about protecting copyright It basically makes it impossible to share anything, including indie games. If this became real then your own customers would not be able to download your games unless you first give them permission to do so, and then to make matters worse people would also have to pay “link taxes”. Not only that, but your own customers would also have to ask you for written permission in order to post links to your game. Let’s say for example that somebody sees your game and thinks it’s cool and wants to spread word of mouth by linking to your website. Guess what? They can’t do that. First, they would have to contact you and get your written permission. And then they would have to pay money to post the link in the form of a link tax. What the EU is doing is that they are trying to destroy all small companies and alternative media so that the legacy media and the big companies can reclaim their old control.
See why this is a big deal?