Pay-once-use-forever ain’t dead yet says Microsoft,

Software King of the World is dusting off an Office licence which you only need to pay for once.  This is much like the good old days, when you owned your own software and did not have to always pay for a subscription.

A new perpetual licence version for Office will be released in the second half of 2021, Microsoft announced on Tuesday at the Ignite 2020 virtual event.

While the company did not disclose the name of the product, it did reveal that the new version of Office will be available for Windows and Mac.

Vole said that the details regarding the official name, pricing and availability of the product will be revealed later — so be still your beating hearts.

When Microsoft released Office 2019, the current version of Office, in September 2018, many people speculated that it would be the last perpetually licenced version of the product and that the company would push Office users to Microsoft 365, its subscription-based licensing model.

Office 2019, on the other hand, is sold as a one-time purchase, meaning that users are required to pay a single, up-front price to install Office on one device. Office 2019 comes with no upgrade options. If a user wants to upgrade the Office version, they will have to buy the next major release at full price.