The reform in the current form was designed to increase profits of the big players in the game: the few big music labels, movie companies and news agencies.
Since they want those additional billions, I think it’s moot to argue against the reform. If we stop them this time, they’ll be back next week.
Instead, I suggest to change the reform to force them to provide online services to license their content.
A few clicks and you’re allowed to use a piece of music or video or text for your own work. Yes, it will cost money but videos don’t grow on trees, either.
That way, the poor mega companies on this planet look good in front of their shareholders and the people creating art don’t have to waste money on fending off lawsuits.
Oh, and maybe add a clause in the law that the companies have to pass a real amount of money on to the artist. Right now, they are actively being starved by the companies (except for a few topstars who could afford the lawyers to get their share).