After 10 years of offering the bundled Adobe Creative Suite, the company announced Monday they will no longer offer their product in that model, but are instead moving everything onto its "Creative Cloud" which is available through a subscription model.

According to the Next Web, Adobe said its current Creative Suite 6 will be its last bundled product and they will not be releasing a Creative Suite 7. Instead, they will update and address any bugs and OS compatibility issues.

The San Jose headquartered company is now focusing on the Creative Cloud which offers its products via the cloud instead of a user having to install the software on their computer.

"We have no current plans to release another perpetual release of the CS tools and suites. Creative Cloud is going to be our sole focus moving forward," said Scott Morris, senior director of product marketing for Creative Cloud.

The subscription costs $50 a month for those who sign up for a year's commitment, though Adobe has discounted the monthly price to $30 for those with earlier versions of CS and has just added a $20 price for those with the newest CS6 version that Adobe released last year.

"Customers who invested last year in a perpetual license, might feel their upgrade path was taken away from them, so we'll be giving them a screaming deal," Morris said.

There also are other subscription plans. For $75 per month, customers can use CC products on a month-to-month plan rather than a full-year commitment. For $70 a month, Adobe offers the Team version for businesses with multiple employees using the software.

For those who don't want the entire suite, Adobe offers subscriptions to individual programs which is $20 a month. Click here for the full subscription rates.