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October 16, 2015
New Mexico’s Legal & Financial Weekly
FORECLOSURE SALES: 3 NOTICE OF SUITS: 5
Vol. 5.86 No. 42
PROBATE: 24 AUCTIONS: 3 OTHER: 17 SPANISH NOTICES: 1
Video On Demand Vs. the DVD Market
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sk any movie studio executive if the DVD gravy train is dead and they will unequivically tell you “absolutely.” They will grudgingly admit that DVD popularity is a thing of yesterday. One only has to look at the demise of retail giant Blockbuster to see that it’s true. Taking the place, of course, is Video On Demand (VOD) -- the downloading and streaming of movies and television shows on demand to consumers’ computers and internet-enabled televisions, via cable and satelite and mobile devices. While some in Hollywood may be uncomfortable with this new direction, others are looking at it as an opportunity and potential boom for growth, marketing and, yes, the almighty and important bottom line. “Whether studios like it or not, business currents and consumer interests have clearly shifted,” says Gordon Scott Venters, CEO of The Movie Studio, Inc. (TMS) a publicly-traded company from South Florida (OTCMVES). “We can either capitalize on this trend or stick our head in the sand and hope everything will stay the same. It won’t” And the TMS CEO stated, “I’ve never been one to shy away from the future.” Which is why the South Florida-based studio released its latest movie “Exposure,” on DVD, Blu-Ray, iTunes and streaming digital distribution. This way, Venters says , “We can better promote ‘Exposure’ and all our other films and upcoming releases, like ‘Bad Actress’ and ‘Double Exposure.’
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So, what about those small plastic discs that most consumers have come to know and, if not exactly love, have certainly grown accustomed to? According to the movie studio industry, DVD’s will continue to play a smaller role, albeit a supporting one, to digital. “DVD’s are going to cease continue to be a viable part of a studio’s revenue,” predicts Venters. “There is clearly now a strong consumer interest in digital viewing.” To this end, it would seem that studios would do well to embrace the ageold adage of “give the customer what they want, VOD!.” As is the case with The Movie Studio. Acquiring 14 films from Seven Arts Entertainment (The SAFELA Library), VOD gives content, provides measurement and other consumer trends and habits. This gives consumers an array of VOD choices, making it a win-win for movie viewers and producers. The Movie Studio is very well poised to swiftly become a powerful force in the entertainment industry. To learn more, visit www.themoviestudio. com. -(NewsUSA)
Law Does Not Provide for a Social Security Cost-of-Living Adjustment for 2016
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unchanged in 2016. The attached fact sheet provides more information on 2016 Social Security and SSI changes.
The Social Security Act provides for an automatic increase in Social Security and SSI benefits if there is an increase in inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The period of consideration includes the third quarter of the last year a cost-of-living adjustment (COLA) was made to the third quarter of the current year. As determined by the Bureau of Labor Statistics, there was no increase in the CPI-W from the third quarter of 2014 to the third quarter of 2015. Therefore, under existing law, there can be no COLA in 2016.
The Department of Health and Human Services has not yet announced Medicare premium changes for 2016. Should there be an increase in the Medicare Part B premium, the law contains a “hold harmless” provision that protects approximately 70 percent of Social Security beneficiaries from paying a higher Part B premium, in order to avoid reducing their net Social Security benefit. Those not protected include higher income beneficiaries subject to an income-adjusted Part B premium and beneficiaries newly entitled to Part B in 2016. In addition, beneficiaries who have their Medicare Part B premiums paid by state medical assistance programs will see no change in their Social Security benefit. The state will be required to pay any Medicare Part B premium increase.
ith consumer prices down over the past year, monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 65 million Americans will not automatically increase in 2016.
Other adjustments that would normally take effect based on changes in the national average wage index also will not take effect in January 2016. Since there is no COLA, the statute also prohibits a change in the maximum amount of earnings subject to the Social Security tax, as well as the retirement earnings test exempt amounts. These amounts will remain
Information about Medicare changes for 2016, when available, will be found at www.medicare.gov. For additional information, please go to www.socialsecurity.gov/cola.