What does this mean?

I just stumbled upon THIS LINK which is part says of CorelDraw, "Later this year, upgrades (download and box products) will no longer be available. Add Upgrade Protection to your purchase to get future versions at a fraction of the cost or choose a subscription, to always stay current." I did not take part in the webinar from earlier today, which I assume detailed what will happen later this year. Does anyone know? Does this mean Corel is moving to a subscription-only model for Draw? Am I correct to assume that anyone who has a licensed product before a subscription-only model begins will be able to keep that license, to use that version, regardless of his or her subscription status?

Thanks for your time.