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Lee,
One owned license grants you the right to run one software installation on one domain for an unlimited time, and purchasing an owned license gives you access to our members download area and support for one year. Therefore if you require support or the new code which might have features you wish you need to renew access. Our policies have always been the same since you bought the software.
FYI Our PhotoPost code supports thumbnail generation using FFMPEG and has for some time now.
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