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I find it interesting that given all of the discussion that has been going on for the past week, I don't think I have seen Steam brought up even once. Which is surprising, because I think they are in for a very rude awakening in the next few years.
Let us assume that 1) streaming/subscribing/renting is the way the industry is going, and 2) that the key differentiation will be which service has exclusive developers/games on it. I think both of these are fairly basic assumptions given what has occurred this week.
What the hell does Steam do? Steam exists to sell games other companies have made. Their own game catalog consists of like 4 franchises, and the biggest ones like Counter-Strike are free-to-play, meaning that they have no benefit to a paid streaming service. So what do they do? Does Valve start buying up developers? Not only are they not suited for the upcoming streaming landscape in terms of potential exclusive games, but the more other streaming companies buy developers, the less games that Steam will even have to sell. How many copies do you think Skyrim sold on Steam?
And yes, I know that right now there are Microsoft games on Steam. But Microsoft didn't buy Bethesda for $7.5 billion to give Steam a cut of future sales forever. And besides, the current happy path from Microsoft's perspective (Gamepass) means Steam won't get a sale anyway.
Let us assume that 1) streaming/subscribing/renting is the way the industry is going, and 2) that the key differentiation will be which service has exclusive developers/games on it. I think both of these are fairly basic assumptions given what has occurred this week.
What the hell does Steam do? Steam exists to sell games other companies have made. Their own game catalog consists of like 4 franchises, and the biggest ones like Counter-Strike are free-to-play, meaning that they have no benefit to a paid streaming service. So what do they do? Does Valve start buying up developers? Not only are they not suited for the upcoming streaming landscape in terms of potential exclusive games, but the more other streaming companies buy developers, the less games that Steam will even have to sell. How many copies do you think Skyrim sold on Steam?
And yes, I know that right now there are Microsoft games on Steam. But Microsoft didn't buy Bethesda for $7.5 billion to give Steam a cut of future sales forever. And besides, the current happy path from Microsoft's perspective (Gamepass) means Steam won't get a sale anyway.