We all know that this agreement won't mean much. Between the Brexit, the cleverness of Paramount's lawyers, and the influence that Hollywood has over lawmakers (which will be used to create seemingly-stupid loopholes), it's unlikely this will add up to more than a hill of beans.
Chances are, the MPAA will lead the charge of breaking up the EU altogether. They'll probably say "The UK was able to escape, so you can do it too. The EU is evil... somehow." One by one, they'll push countries to leave until there's only one nation left.