For a larger corporation where the act of managing pools of licenses is a significant expense and literally everything the business does is managed in terms of contracts that must be maintained via regular payments, this makes a whole lot of sense. Even if the licensing model costs a bit more on paper, it's probably still cheaper to them because of saving the cost of having someone spend time physically managing all those individual licenses every time someone switches projects or enters or leaves the company.
For a smaller company or indie shop I'm not sure it's the same story. The calculus above depends on economies of scale to work out.
For a larger corporation where the act of managing pools of licenses is a significant expense and literally everything the business does is managed in terms of contracts that must be maintained via regular payments, this makes a whole lot of sense. Even if the licensing model costs a bit more on paper, it's probably still cheaper to them because of saving the cost of having someone spend time physically managing all those individual licenses every time someone switches projects or enters or leaves the company.
For a smaller company or indie shop I'm not sure it's the same story. The calculus above depends on economies of scale to work out.