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Yes, this has already been debunked by multiple sources. Not sure why they’re regurgitating this nonsense again.
To be fair, at some point, a (big) digital game client will go down and it’s worth discussing the possibilities of that. There’s really no saying for sure how these companies will handle it, but all existing evidence suggests the worst. Every EULA for these services basically say that the user (not owner) has no real rights to these products. They are merely buying a license to use the given software that is revocable at the company’s discretion, and there’s no real incentive for them to go out of their way to make sure everyone has 100% access to every game they’ve ever paid for. They’d be more inclined to simply ignore it all, really.