Many people here seem to take the notion of a content loss in Europe as bad for granted. I see it as quite positive. If we can replace generic, low quality content with more space for people who do not just ride on copyright but provide genuinely new content, I would consider this to be very positive. Maybe this opens up a space to have more European content on Youtube instead of just having the same generic content dominate the website that is subject to these copyright battles.
The incentive for Youtube is clear, they want to make as much money and generate as much content as possible, with little attention paid to the fact whether the content is educational, regionally relevant, authentic, or original. It seems obvious to me that a Youtube that might be smaller, less profit or attention oriented, and less commercialized is not in their interest.
The one exception I would make here is scientific or academic content, which should be granted strong protections.