diff --git a/CMakeLists.txt b/CMakeLists.txt
index a8f75d0c5..ba10233a3 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,7 +1,7 @@
 cmake_minimum_required(VERSION 3.14)
 
 project(MLT
-  VERSION 7.16.0
+  VERSION 7.17.0
   DESCRIPTION "Multimedia Framework"
   HOMEPAGE_URL "https://www.mltframework.org"
   LANGUAGES C CXX
diff --git a/src/framework/mlt_version.h b/src/framework/mlt_version.h
index 426b732a0..ab74e3d50 100644
--- a/src/framework/mlt_version.h
+++ b/src/framework/mlt_version.h
@@ -27,7 +27,7 @@
 #define MLT_STRINGIZE(s) MLT_STRINGIZE2(s)
 
 #define LIBMLT_VERSION_MAJOR 7
-#define LIBMLT_VERSION_MINOR 16
+#define LIBMLT_VERSION_MINOR 17
 #define LIBMLT_VERSION_REVISION 0
 #define LIBMLT_VERSION_INT \
     ((LIBMLT_VERSION_MAJOR << 16) + (LIBMLT_VERSION_MINOR << 8) + LIBMLT_VERSION_REVISION)