Regulation is the reason the EU can't become a hub for startups.
I mean Spotify has been one of the biggest driving forces in reducing music piracy, in part thanks to being more convenient.
On the other hand, they don't pay artists nearly enough so the flipside is that to the artists it doesn't actually make that much of a difference whether someone listens to them on Spotify or just pirates the music.
Well, yeah, most of the time? Can you name a unicorn that doesn't collect and use data en masse?
The solution is to firewall the internet in the UE.