My question is how to prove that $$ \sum_{n = 0}^\infty \frac{C_n^2}{16^n} = \frac{16}{\pi}-4 $$ where $$ C_n = \frac{1}{n+1} \binom{2n}{n}, \quad n=0,1,2,\dots $$ is the $n$-th Catalan number.
Motivation. This question shows up when I played with the infinte series $f(z)=\sum_{n=0} C_n^2 z^n$, which has radius of convergence $1/16$. This series does not seem to have a nice general formula, in contrast to $\sum_{n=0}^\infty C_n z^n$ (Wolfram gives a complicated expression involving Gamma and hypergeometric functions). However, at $z=1/16$, the series $f(z)$ obtains this simple value.