Originally Posted by stonetools
In the real world, when established companies go out of business, they ( and their property) usually don't vanish overnight. Generally, they are taken over by someone else, and that someone takes over their obligations. This popular objection has less merit than it appears.
Well, now you're just flat wrong. There have been plenty of cloud-based subscription models that have gone out of business, servers shut down, etc. No one swooped in to magically take over their business, and many people were out of content they'd legally purchased.