This has nothing to do with rent seeking. You just don't like subscription models. Maybe you think they don't deliver enough new value through the thousands of

This has nothing to do with rent seeking. You just don't like subscription models. Maybe you think they don't deliver enough new value through the thousands of engineers they employ to justify a subscription model, and that they should cut costs and pull a Musk and lay off 90% of them (and other employees) and simply offer what they offer today for way less money. Or that they should cater to the very small portion of the market that's willing to pay $10k for a standalone version of photoshop. But obviously enough of their customers disagree with you that it doesn't make sense for them to go that route. It's not like they're using regulatory capture to force people to only use Adobe products. There are network effects but compared to social networks they are pretty weak -- if a truly better product came along people would start using that instead (see Figma vs XD). And on top of that the barriers to entry are very low -- you could literally start to copy their products pixel by pixel starting right this instant.