No I'm not saying that they have to give up their properties for free, but this approach is so ill thought out that it would be funny if not for just how much damage it is going to do. Yes, there are those on Youtube who take the piss with IP but there are also those who follow the fair use guidelines who will also be penalised as a result. Not to mention just how open to abuse this system has the potential to be. Any IP holder could use these laws to hammer any small content creator that reviews their products if they give a negative review by revoking their license, and that's without what is obviously going to be an extortionate amount to get each single licence as they won't waste the chance to make money by creating a blanket one.