diff --git a/README.md b/README.md
index 0004286..68a4d69 100644
--- a/README.md
+++ b/README.md
@@ -12,7 +12,7 @@ The package can be installed by adding `membrane_mp4_plugin` to your list of dep
 ```elixir
 defp deps do
   [
-    {:membrane_mp4_plugin, "~> 0.33.1"}
+    {:membrane_mp4_plugin, "~> 0.34.0"}
   ]
 end
 ```
diff --git a/mix.exs b/mix.exs
index 848d654..316a226 100644
--- a/mix.exs
+++ b/mix.exs
@@ -1,7 +1,7 @@
 defmodule Membrane.MP4.Plugin.MixProject do
   use Mix.Project
 
-  @version "0.33.1"
+  @version "0.34.0"
   @github_url "https://github.com/membraneframework/membrane_mp4_plugin"
 
   def project do