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That lawsuit against Steam’s 30% cut of game sales is now a class action, meaning many other developers could benefit
(www.rockpapershotgun.com)
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Rules:
It's not just a drm system
It does a lot of things. Apparently developers mention that it even makes adding things like multiplayer support really easy
Also, cloud saves and such too
On Linux, they also emulate Windows for game compatibility
Steam can charge because they do what they do well and hide the fact they actually do a lot more. It's easier to get an old school game running if it's steam than a normal exe generally