Doesn't steam have a clause to the effect of "if we go out of business, you'll get X period to download your games so you can manage them yourself"?
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I don't know if it's a clause but Gabe said it at one point. Is that legally binding though? It wouldn't surprise me one bit that whatever VC eventually buys steam and then runs it into the ground would have no problem changing the user agreement to whatever suited them....
I think I read in the steam agreement itself - I could be wrong, but I generally have a source tagged to my knowledge, and the knowledge is tagged as a direct quote from the document
And yes, if a VC buys out steam I'd be horrified, but it's structurally resistant to that. It's largely employee owned and heavily employee managed, their handbook helped me understand the concept of how employee owned businesses could be the answer to many of society's problems
It's not legally binding, since it isn't part of the user agreement you review when buying games on Steam.
As long as you understand the terms of your agreement with Steam as a platform, everything is fine. Physical media for games are outdated anyway, especially with frequent updates, patches, and DLC releases. Regarding older titles that are no longer supported, well, as the saying goes: "If buying isn't owing..."
2.1 We give you and other GOG users the personal right (known legally as a 'license') to use GOG services and to download, access and/or stream (depending on the content) and use GOG content. This license is for your personal use. We can stop or suspend this license in some situations, which are explained later on.
https://support.gog.com/hc/en-us/articles/212632089-GOG-User-Agreement?product=gog
GOG has the same drawbacks as Steam without any of the useful features. They should cut down on their "owning games" lies and spend time improving their platform instead.
Unfortunately the VR game selection in GOG seems pretty slim and they might still need steam VR to run anyways so either way i don't have much choice.