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Stock impact report

Steam now says the ‘game' you're buying is really just a license [Verge, The]

UBISOFT ENTMT UNSP/ADR (UBSFY) 
Company Research Source: Verge, The
Share this story Valve is now explicitly disclosing that you don't own the games you buy from its Steam online store. The company has added a note on the payment checkout screen stating that “a purchase of a digital product grants a license for the product on Steam,” as reported earlier by Engadget We confirmed the message appears in the Steam desktop app, but we haven't seen it in the mobile app yet. Some Steam users noticed the disclosure go live earlier this week and posted their findings on Reddit Why? Probably, a new law. California has a law going into effect next year that'll require digital storefronts like Valve's Steam platform to clearly say that you're only purchasing a license for your digital media, because some companies like Ubisoft and PlayStation were removing digital purchases from users' libraries, keeping them from playing games like The Crew or watching their old Discovery shows The law does not apply to games where you can download an offline installer Show less Read more
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