Is it me or software subscriptions make developers lazy?

There is a great photo editing software: Capture One. Every year they release a new major version, so users need to buy an upgrade. In the past developers packed a bunch of big changes into major update, also they released 3 minor updates yearly, and every minor update brought some cool features. But then they added subscription model which was cheaper then perpetual model. And at the same time major updates became not that cool. Developers started to add enterprise features needed by museums, features involving other camera brands users, changes targeted at newbies and so on. For perpetual model users most of these changes are not worth 80-255 EUR yearly (depends on license type and offs) but is ok for subscription model users because they continue using the software and even small updates and enhancements are fine for them.

Not every major update is that weak but many of them are not worth upgrade. And developers are not motivated to do more cool stuff because subscription model users will continue paying for their subscriptions.