Where Waves is being thick-headed is in retaining their update policy. But it didn't take long for home studios to explode into a huge market that was largely unwilling, or unable, to pay high prices for plugins, so Waves wisely started lowering their prices to appeal to this large emerging market (I never would've thought I'd see the day their SSL console sold for $29, but it happened). Waves' update/maintenance policy made sense in that professional context, especially since their plugins were extremely expensive. 15-20 years ago, Waves was the gold standard for plugins, and at the time, nearly every professional studio used them.
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