The very design of these laws is to limit competition. What is often ignored in these discussions is that the record labels, movie studios and publishers pushing for these laws have always viewed the world in a particular way: where they "negotiate" against other big companies for how to best split up the pie. They don't want to negotiate with smaller companies. They want just a few companies they can negotiate with -- but hopefully they want the law in their favor so they can pressure that small list of companies to do their bidding. They certainly don't care what's in the best interests for actual creators, because their entire reason for being has been to take as much money out of actual creators' pockets and keep it for themselves.
The idea that Article 11 and Article 13 will, in any way, help creators, rather than legacy gatekeepers is laughable. The idea that it will somehow harm the internet giants is equally laughable. They can deal with it. What it will do is take upstart competitors out of the equation entirely and will significantly remove negotiating leverage for creators.