Reuters (http://www.reuters.com/article/2015/10/06/us-adobe-outlook-idUSKCN0S02P720151006) reports the following: "The company is expecting a $200 million hit on revenue as a result of the stronger dollar, and a $100 million hit as Adobe's "last material businesses are transitioning to ratable revenue." "Adobe has been switching to web-based subscriptions from traditional licensed software to help attract more predictable recurring revenue. "Acrobat, Elements and Lightroom are among the last of the products to transition to web-based subscription." So, do you want to use your LR catalog to find a photo from a couple of years ago? Have you paid Adobe this month? No? Too bad. Basically, your property will now "transition" into being Adobe's property. They will be happy to rent access to you. Keeping and running an old copy is a temporary workaround. When your camera vendor comes out with a new RAW file, only the new subscription LR version will be able to read it. Pay up, buddy. Not once. Every month from now on.