Way back in December -- back in the age before the mainstream media fell in love with all things YouTubey -- we noted that European Commission hatched a plan to regulate all Web and mobile video content just like traditional television. This means enforcing rules on hate speech, advertising and the kind of content that can be broadcast to children on all video platforms.
Finally, some are getting organized and fighting back. As AP reports:
an alliance of British-based companies including ITV PLC, Yahoo Inc., Vodafone Group PLC, Intel Corp. and Cisco Systems Inc.'s UK subsidiary said a European Commission proposal to impose rules for traditional broadcasters on new media providers could have "unintended consequences" and hurt investment.
The coalition continues with what should create fear in any Web 2.0 investor's heart...
"Citizen media such as blogs, video-casts and the like are one of the most exciting developments enabled by new technology. This phenomenon has the potential to create new businesses … but this proposed regulation severely risks stunting its growth."
AP notes that the law will need the backing of the European Parliament and 25 European Union governments before it can take effect. The Parliament is likely to vote on it later this year.