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Sony is going to remove certain purchased titles from user libraries
(www.playstation.com)
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Unfortunately it’s the same situation on steam. You are only buying licenses to games you don’t actually own it, they can be taken away at any time with no recourse. Steam might be doing good now in this regard but it’s hard to say if it will stay like this forever.
The day Gabe Newell no longer owns Valve/Steam things will begin to change, I'm sure.