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if you want changes to licenses, talk to your lawmakers about it.
The only exceptions were games that were "forcibly refunded" shortly after release, or online games shutting down, making the client completely useless.
Steam takes the idea to "sell" games seriously. Chances are, the day you loose the games is when Steam itself shuts down.
You always only just given a License..... since way over 20 Years now....
Even more lucky if that disc actually contains the game... instead of the launcher installer from which you'll download and play the game.
That's right. That happened step by step over the years later." It started with the Orange Box what i can remember.
Git R Done
So welcome to the 1970s/earlier 1980s or whenever it was this became the norm for all entertainment media (and commercial non-game software, etc).
Edit:
I have at least 200 games that have been removed from the Steam store for various reasons, all of them are still in my library anyway (except 1, Moirai, which was free, not exactly replayable, and removed because hackers keep stealing peoples emails using it). And you don't own games just because you get them from GoG, you still only have a license for the game, see above.
The most laughable thing about the new law that has spawned this discussion is it only requires digital stores to change their wording.
The very same you can only activate, download and use from Steam can still be 'bought' at a brick and mortar store without them explaining anything to you.
May this case serve as a cautionary tale about what happens when goverments get involved in matters they really don't understand.
They took away the requirement to settle disputes only via arbitration and removed the restriction from forming and/or joining class action lawsuits against Valve. Nothing else changed.
It's always been that way. The only difference these days is the distribution model. When a game was bought before the online digital distribution model, there was no other way to obtain a copy of the game other than a piece of physical media. But you still never *owned* the game. You owned a license in which to play a copy of the game. It's never been more than that.
At least your eyes are open about it, now. The rare circumstances when that would most likely happen would be if Valve suspected you of performing malicious acts with your account. Unless you plan to lie, cheat, and steal with your account, or hack Valve/Steam with it, or try to launch nuclear missiles at Russia with it, there's no reason for Valve to remove access to any game you might have on your account.
This would imply you're an old frog. And this sudden realization should have been well known to you far earlier than today. But don't think the threat of fewer purchases from you will cause the industry turn a whole 180 and go back to the way things used to be. While it was great to have something tangible like a DVD case, or handful of floppies, you had no choice to guard them against all manners of damage. Otherwise, you'd have to shell out more money for another copy assuming that game was still available for sale. Now, with a service like Steam, I have all of my games just a click of a button away. My hard drive crashes? My PC burns down in a fire? Oh well. Log my account into a new PC and my entire library is just a click away from enjoying it again.
Again, licensing didn't change. You *still* don't own the games.