Eh, count me as dubious
Hey, everyone loves tech startups and movies, but the fact is that Europe is not nearly a single market on a cultural or linguistic level, so people are not as likely to watch the average piece of cultural content made in some foreign country, versus a similar piece of content made at home.
As for tech startups, I'm surprised that Europe hasn't thrown up a real competitor in the web/social media arenas. You'd think that with the earlier penetration of mobile phones there, you would have seen at least a real Snapchat or Twitter competitor. However, I don't see a lot of competitive openings in the social media space right now.
Maybe the EU can buy Yahoo! for 20 billion Euros :)