Valve is one of the few companies that have successfully applied licensing fees to PC games. Their Steam service enables them to profit directly from games sold on PC, even if they didn't fund the development of the game. They are essentially like a console company but for PC, they have a stake in the PC gaming market and are in the best position to champion the platform.
This makes them one of the most important game companies on PC; regardless of what some people may say about them, they achieved with Steam what Microsoft failed to do with GFWL.
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