EU governments are expected to approve the rules next month, which would put them on course to go into effect in two years.
Among those changes, big tech companies like YouTube would be legally responsible for the content that users upload on their websites.
New Zealand's recorded music industry achieved its fourth consecutive year of growth in 2018.
Revenue was up 7.7 per cent to $107.9 million last year, largely on the back of streaming.
Vaughan said the data was very encouraging and the industry was healthy.
"It's a very exciting time for New Zealand music, there's a real optimism and buoyancy in the local industry after four years of growth."
Streaming revenue made up $74.2m, or 69 per cent, of all recorded music revenue in 2018.
Vaughan said streaming, downloads and social media provided more potential for artists to expose their music in more ways than ever.
"Artists are finding new fans and audiences everywhere."
The increase in people using streaming platforms like Apple Music and Spotifiy led to digital download revenue dropping from $8.2m in 2017 to $5.4m last year.
Revenue from public performance and broadcast remained unchanged at $14.8m.
While physical purchasing of recorded music continued to decrease, with revenue dropping from $14.5m in 2017 to $11.3m last year, vinyl sales went in the opposite direction and now make up 20 per cent of all physical music purchases.
- With Washington Post