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Not really. CL hasn't disclosed specifically what happens to PD's functionality once the subscription ends, but at some point it seems like most or all of the premium abilities will become disabled. Perhaps it becomes something like the trial version - maybe without the watermark?
However, if you ended the subscription and then find out you have a new need for editing or have to go back and revise an older project, you could subscribe for a month and then cancel again once you're finished. I don't think there's any limit on how often that can be done.
That's still a cost than you wouldn't have needed to pay if you have a perpetual license, but at least you won't be totally stranded (unless CL goes completely out of business without leaving any way to recover/convert the subscription product, that is ).
No, really not. Subscription is a modern plague of how to drag ppl into the corner and make them dependant. I accept subscription for an entertainment services (HBO, Netflix, Spotify, Tidal), I have a reservations for stuff like O365, but for a solid SW, I just say - no.
The only company, which makes it right, is on1 software. They kind of have a reversed subscription - an on1 Plus program. You pay annualy, you get tonnes of extra material, courses / training and an annual SW release is included. Once you end your subscription, you are left with the latest version you have paid for.
Working in IT for 30+ years, there really was no reason to reinvent the wheel and accept the Adobe invented stupidity, which makes everything more expensive for a client. The concept is called a maintanance payment, usually you pay 20-25% for the ability to use new releases and that's just it.
You can use, what you want. What I hate about Cyberlink is, that they have basically removed an option to buy / own Director suite. You have to buy those programs separately. I have stopped to upgrade Color and Audio director because of that and upgrade Director every 2 years.
Once DavinciResolve have enough of simplicity modes, I am simply out. And their new Cut module might be a good step forward. You can have it all for free, or for 1-2 years of PD subscription you get Studio version along with their new Speed editor HW console. Go figure ....