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However on steam, the license will expire on 31 Dec.
The steam version will not be updated into the new year.
To compensate, Allegorithmic offers Steam user the opportunity to link your Steam account to your Allegorithmic account on their website.
When you link your Steam account there and their website validates the Steam Key, it will give you a download link to get stand-alone products for the products you've bought here and product key links to register them.
This stand-alone product will have a one year license from the date you purchased on Steam and will update until the end of the license period.
Both the Steam and the Allegorithmic stand-alone will be available for you to use after the license expires forever, you just won't receive updates or upgrades for it unless you either op into a subscription or re-buy the product again.
For example I have the original Substance Painter, Substance Painter 2 and now Substance Painter 2018, license for 1 and 2 have expired and 2018 has just started, but I can use anyone of these products and download them from both Steam or Allegorithmic if I change out computers and need to go backwards for a project.
The 2 products will stay in sync for updates and upgrade until 31 Dec 2018 but will fall out of sync for updates after that.
For example, I bought the bundle yesterday, My product license runs from then until the 23/24 of June 2019. I downloaded the steam version and I've downloaded the stand-alone and activated it with my stand-alone key.
Both products will update until 31 Dec 2018 however, the Steam version will stop receiving updates and upgrades on that date, the stand-alone will continue to be updated or upgraded until the 23/24 of June 2019.
The reason stated for this is that the Steam API for the Steam products can not be programmed with individual expiry dates (ie I bought yesterday, you buy tomorrow and our expiry dates are different.) the expiry date on Steam has to be the same for everyone, hence the 31 Dec expiry. One complete year would be 1 January to 31 December, right?
I struggled with this same question and did not want to get in to a situation where I buy a year of updates and upgrades but only receive 6 moths because I bought in June but now that I actually see how this works, I'm fine with it. My stand-alone will be the product I turn to after 31 December.
If you don't want to have 2 of the same product on your computer, buy the steam version, don't install it. Sync your Steam account, download the stand alone, install and activate it and enjoy your year of updates and upgrades.
Hope this helps you understand what is going on with the Allegorithmic products.
Also what if i redownload the product after 6 months on steam will it only update to the 31st of December 2018 or do i lose all updates for that year, does the program lock you out of all previous updates leaving you with the base program you first downloaded un updated or updated to the point of your initial download when you first purchased the product, hence the program i bought will lose all its updates when the license goes.
What you are getting is not only the steam version but the actual stand alone Commerical version as well. You can load both on your computer or just one. If you decide to just load the steam version, the license it will stop updating on the 31 of Dec because of the Steam API restriction. If you load the Stand-alone, it is being fed updates direct from the Allegorithmic servers. The Allegorithmic servers know when your license began and when it expires. There will be no break in the updates.
If you want to save space on your computer nd download bandwith, you would buy on steam, sync your Steam account with the Allegorithmic Website, Download the standalone, install and use it for the full year and not bother with the Steam Version at all. Next summer sale, do the same thing or buy a subscription from Allegorithmic.