diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2dd8d275..3b1f3dae 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+### [0.3.2](https://www.github.com/googleapis/java-video-transcoder/compare/v0.3.1...v0.3.2) (2021-08-23)
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v2.1.0 ([#214](https://www.github.com/googleapis/java-video-transcoder/issues/214)) ([6ce6257](https://www.github.com/googleapis/java-video-transcoder/commit/6ce62579ff8098100c9d44669a627efc3a95b631))
+
 ### [0.3.1](https://www.github.com/googleapis/java-video-transcoder/compare/v0.3.0...v0.3.1) (2021-08-12)
 
 
diff --git a/google-cloud-video-transcoder-bom/pom.xml b/google-cloud-video-transcoder-bom/pom.xml
index aafa945f..44149901 100644
--- a/google-cloud-video-transcoder-bom/pom.xml
+++ b/google-cloud-video-transcoder-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-video-transcoder-bom</artifactId>
-  <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+  <version>0.3.2</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -57,27 +57,27 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-video-transcoder</artifactId>
-        <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+        <version>0.3.2</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-video-transcoder-v1beta1</artifactId>
-        <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
+        <version>0.3.2</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-video-transcoder-v1</artifactId>
-        <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
+        <version>0.3.2</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-video-transcoder-v1beta1</artifactId>
-        <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
+        <version>0.3.2</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-video-transcoder-v1</artifactId>
-        <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
+        <version>0.3.2</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-video-transcoder/pom.xml b/google-cloud-video-transcoder/pom.xml
index f668b3e5..7b9b905e 100644
--- a/google-cloud-video-transcoder/pom.xml
+++ b/google-cloud-video-transcoder/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-video-transcoder</artifactId>
-  <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+  <version>0.3.2</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   <packaging>jar</packaging>
   <name>Google Video Transcoder</name>
   <url>https://github.com/googleapis/java-video-transcoder</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>0.3.2</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-video-transcoder</site.installationModule>
diff --git a/grpc-google-cloud-video-transcoder-v1/pom.xml b/grpc-google-cloud-video-transcoder-v1/pom.xml
index 853f1936..32f146e1 100644
--- a/grpc-google-cloud-video-transcoder-v1/pom.xml
+++ b/grpc-google-cloud-video-transcoder-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-video-transcoder-v1</artifactId>
-  <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
+  <version>0.3.2</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
   <name>grpc-google-cloud-video-transcoder-v1</name>
   <description>GRPC library for google-cloud-video-transcoder</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>0.3.2</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/grpc-google-cloud-video-transcoder-v1beta1/pom.xml b/grpc-google-cloud-video-transcoder-v1beta1/pom.xml
index 5778335d..83b64180 100644
--- a/grpc-google-cloud-video-transcoder-v1beta1/pom.xml
+++ b/grpc-google-cloud-video-transcoder-v1beta1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-video-transcoder-v1beta1</artifactId>
-  <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
+  <version>0.3.2</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
   <name>grpc-google-cloud-video-transcoder-v1beta1</name>
   <description>GRPC library for google-cloud-video-transcoder</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>0.3.2</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 9bcd7b35..e8b92de2 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-video-transcoder-parent</artifactId>
   <packaging>pom</packaging>
-  <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+  <version>0.3.2</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   <name>Google Video Transcoder Parent</name>
   <url>https://github.com/googleapis/java-</url>
   <description>
@@ -61,27 +61,27 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-video-transcoder</artifactId>
-        <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+        <version>0.3.2</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-video-transcoder-v1</artifactId>
-        <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
+        <version>0.3.2</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-video-transcoder-v1</artifactId>
-        <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
+        <version>0.3.2</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-video-transcoder-v1beta1</artifactId>
-        <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
+        <version>0.3.2</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-video-transcoder-v1beta1</artifactId>
-        <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
+        <version>0.3.2</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1beta1:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-cloud-video-transcoder-v1/pom.xml b/proto-google-cloud-video-transcoder-v1/pom.xml
index 98877632..a090881b 100644
--- a/proto-google-cloud-video-transcoder-v1/pom.xml
+++ b/proto-google-cloud-video-transcoder-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-video-transcoder-v1</artifactId>
-  <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
+  <version>0.3.2</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
   <name>proto-google-cloud-video-transcoder-v1</name>
   <description>Proto library for google-cloud-video-transcoder</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>0.3.2</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/proto-google-cloud-video-transcoder-v1beta1/pom.xml b/proto-google-cloud-video-transcoder-v1beta1/pom.xml
index d4680e7d..52919e20 100644
--- a/proto-google-cloud-video-transcoder-v1beta1/pom.xml
+++ b/proto-google-cloud-video-transcoder-v1beta1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-video-transcoder-v1beta1</artifactId>
-  <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
+  <version>0.3.2</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1beta1:current} -->
   <name>proto-google-cloud-video-transcoder-v1beta1</name>
   <description>Proto library for google-cloud-video-transcoder</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>0.3.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>0.3.2</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index 6daf8760..62a00098 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -28,7 +28,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-video-transcoder</artifactId>
-      <version>0.3.2-SNAPSHOT</version>
+      <version>0.3.2</version>
     </dependency>
     <!-- {x-version-update-end} -->
 
diff --git a/versions.txt b/versions.txt
index ac8bd15b..a2ee550b 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,8 +1,8 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-video-transcoder:0.3.1:0.3.2-SNAPSHOT
-grpc-google-cloud-video-transcoder-v1beta1:0.3.1:0.3.2-SNAPSHOT
-grpc-google-cloud-video-transcoder-v1:0.3.1:0.3.2-SNAPSHOT
-proto-google-cloud-video-transcoder-v1beta1:0.3.1:0.3.2-SNAPSHOT
-proto-google-cloud-video-transcoder-v1:0.3.1:0.3.2-SNAPSHOT
+google-cloud-video-transcoder:0.3.2:0.3.2
+grpc-google-cloud-video-transcoder-v1beta1:0.3.2:0.3.2
+grpc-google-cloud-video-transcoder-v1:0.3.2:0.3.2
+proto-google-cloud-video-transcoder-v1beta1:0.3.2:0.3.2
+proto-google-cloud-video-transcoder-v1:0.3.2:0.3.2