Not true, you get a DRM free installer, which is arguably better than physical media for a console as it can be duplicated indefinitely without hinderance.
Are you in the EU? Every ad company does a dark pattern where it looks like it’s impossible to opt out but remember that you can’t be legally opted in without explicitly agreeing to it. Once you know it you’ll notice that if you go into managing your choices then no non-essential cookies or data sharing partners will be selected. Ad company wants to trick you into agreeing by making „agree” look like it’s preselected and default (by being the only coloured button) but nothing there is actually selected and if you click „save choices” you just refused those cookies.
Alternatively you can use an extension like superagent.
I'm in Germany. It should be illegal, but the companies get away with it. Even shitty newspapers like Bild are doing it. I use ublock with annoyances on and ghosterly but these still get through.
Why? This has literally always been the case, but now they're going into it actively telling you that this is the case. Seems like a step in the right direction to me.
It has always been the case yet I’ve seen this urban legend that Valve has some kind of contingency plan that keeps your ownership in case they close down.
(its a joke, i make a Spooky joke. Its literally a thing that was always written in the TOS of steam and every other store. Technically you don't even own disk games as, when the key server is shut down they are looked forever, and there is no legal way to get around that.