HUH?!?! Adobe did this for more than 20-years. They switched over to to subscription because they knew they would make more money, a lot more money...not to better develop their software.
No. The reason why they switched to a subscription model is because people simply will not "purchase" software anymore at the up-front prices that they used to pay for them (and the people who wouldn't pay for them simply resorted to piracy). It can be debated that iOS/Mac App Store pricing models was the most significant contributor to this proverbial "race to the bottom", in terms of software pricing, but it certainly didn't help.
Listen to every single user and they will say that Adobe apps have suffered since they switched.
I have been a user of Adobe apps, every single day of the week for the past 20 years (After Effects, Premiere and Photoshop), and nothing can be further from the truth. Since the Creative Cloud subscription model, the frequency of new features and improvements to these apps is nothing short of spectacular. Where we used to have to wait (and complain) a couple of years just for an important bugfix or a useful, but not sexy-for-marketing feature, these things now come out at a relatively breakneck speed.
You can love or hate subscription models, but you certainly can't say that Adobe is doing it just as a cynical money grab. They're doing it because it's the only real way to sustain the development of a complex software suite these days, because even otherwise reasonable people have a hard time paying $3.99 for an iOS app, let alone over $1000 for a productivity app that can actually help you recoup your costs of the software. This is the current reality of the software development game, in 2016.
I would also have to guess that the subscription model has all but eliminated the majority of instances of piracy among working professionals, which was shockingly rampant in the pre-subscription days.
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Adobe after effects has been suffering a lot in the last 2 years. Real time playback no longer works correctly and they keep saying it's coming as a "new feature" but yet it's still broken.
As a daily user of AE, I agree with this. It's super annoying. But AE has over 20 years of legacy code baggage that Adobe basically needs to destroy and rebuild from scratch in this regard. They can't just "fix" this as a dot-update, because the rendering and playback engine is so integral to the entire app. From the sounds of it, they are literally building a whole new architecture from the ground up. Doing that without breaking a ton of other things isn't the easiest thing in the world to do, and releasing it in a less-than-bulletproof state would be a PR disaster.
Adobe has a lot of faults, but I just dont agree with the idea that they are all just throwing piles of cash on their beds and rolling around naked on it.