My argument against this is that at least I own a license to the game rather than just a subscription. Steam still has and updates games that were made unpurchasable a decade ago. Hell, people still play rocket league on steam.

This is a separate argument altogether. There’s own physically and own a license to. If you own it physically and your physical media corrupts (which happens often to digital discs) did you own it any more than if you had it on steam? It’s also illegal to make a copy of a console disc, btw.

What the article is talking about is not even obtaining a license.