Dynamic Link Media Server, as I understand it, its own little headless in the background utility that manages dynamic link functions of which there is more than just the Premiere Pro – After Effects link. It also manages connecting to other Adobe programs to read saved files like how AME will initiate dynamic link if you drag a Premiere Pro project onto it.
Since each version has a copy of Dynamic Link Media Server, they have to put an update notice on each.
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Angelo Lorenzo
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