Set torchcodec version as 0.16 (#8478)

Author: NicolasHug

release/release_versions.sh

@@ -4,7 +4,7 @@
 PYTORCH_VERSION=${PYTORCH_VERSION:-2.12.1}
 TORCHVISION_VERSION=${TORCHVISION_VERSION:-0.27.1}
 TORCHAUDIO_VERSION=${TORCHAUDIO_VERSION:-2.11.0}
-TORCHCODEC_VERSION=${TORCHCODEC_VERSION:-0.15.0}
+TORCHCODEC_VERSION=${TORCHCODEC_VERSION:-0.16.0}
 TORCHCOMMS_VERSION=${TORCHCOMMS_VERSION:-0.3.1}
 TRITON_VERSION=${TRITON_VERSION:-3.7.1}
 TORCHTEXT_VERSION=${TORCHTEXT_VERSION:-0.18.0}