That is correct. We did this because we realized that most of the Essentials downloads were academic and research users, and they would be better served with a dedicated support program.
V-REP should continue to work with the Vortex Studio for Academics licenses. If it's not the case, let us know and we will work with our colleagues at Coppelia Robotics to address the issue.
Found the new information here in case if someone is looking for it.
"The Vortex Studio Essentials program has been discontinued as of April 15, 2019. Any existing Essentials users will be able to complete their active licence period.
A new Vortex Studio for Academics program is available, providing a free edition of Vortex Studio to validated students and staff of qualifying academic institutions. Please complete the request form to obtain your licence.
For corporate clients, please contact our sales team to discuss the new Vortex Studio subscription model and schedule a demo."