It looks surprisingly reasonable. "internet platforms that organise and promote large amounts of copyright-protected works uploaded by their users in order to make a profit" That's actually a lot of limitation. From my understanding: "organise and promote" means it is not simple hosting, and "in order to make a profit" excludes organizations like Wikimedia Commons and "large amounts" most likely excludes smaller webs…
All this will mean is that the big tech, Googles and Facebooks of the world, will solidify their position for years/decades to come since only they will have the money/resources to take care of this expensive regulation. New startups on the other hand will stand little chance in this new world.
All these regulations look good on paper. But when you understand their medium-long term ramifications is when you realize how unfairly the deck is stacked now.