diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6057d9d..ad66797 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,7 @@
 CHANGELOG
 ---------
 
-* 0.4.5 (08-12-2014)
+* 0.5.0 (08-12-2014)
 
   * Add support for Wav and AAC audio formats (@MrHash).
   * Add watermark filter (@sylvainv).
diff --git a/README.md b/README.md
index b152633..05bee30 100644
--- a/README.md
+++ b/README.md
@@ -31,7 +31,7 @@ The recommended way to install PHP-FFMpeg is through [Composer](https://getcompo
 ```json
 {
     "require": {
-        "php-ffmpeg/php-ffmpeg": "~0.4"
+        "php-ffmpeg/php-ffmpeg": "~0.5"
     }
 }
 ```