They are taking the smaller cut. Compared against the whole, at least. They take 30%, which is pretty typical. The problem is that Bethesda then needs a second cut of 40%, and then they have a bizarre system of having you choose who to give the other 5% to. I mean it may be Bethesda's game, but they're doing LITERALLY…
I haven't seen it said here so i'll throw it out there. The whole Bethesda/Zenimax cut of 40%? is pretty brutal, but you're essentially buying into their market. Steam says "we'll put you infront of 10mil clients, but we'll take a cut" then Bethesda says "we'll put you infront of 1mil, but we'll take a cut too". Its…