As a whole the industry will have to bluff, when we reach 23rd June. No way, all docs are in place by that date. Most of the big movie providers are still waiting for the studios, and other image brokers are also not clear on what they have by 23rd June.
If the feds are looking to make headlines, then they will raid on the 23rd June, since most will be caught with their "pants down". However this is probably not going to happen...
I do not think its anybodys fault in the industry or that anyone is overreacting... The maximum penalty is 10 years in prison per violation - thats alot of time for a single picture or video without proper docs (yeah, "intent" will probably count alot, but who wants to be the "court test dummy"?)
There are a few big sponsors that have not spoken out or made any changes - my guess is that they are trying to avoid attention, however in this case, then the silence is ear deafening...