that's an optimistic way to frame the situation; there's heavy opposition from the content industry to limits to geoblocking, and unsurprisingly the industry seems to have support within the commission (Oettinger at least - perhaps the fact he now left the Digital Economy and Society position helps).
I'm not confident at all they'll be able to completely ban geoblocking in one go. Hopeful they will at least poke some holes in it this round. Most parts of the single market needed a couple of revisions of a directive (quite a few years removed) before liberalizing a particular market fully..