diff --git a/constants.gradle b/constants.gradle
index 400eba8c9f8..bd4a545c4c9 100644
--- a/constants.gradle
+++ b/constants.gradle
@@ -13,8 +13,8 @@
 // limitations under the License.
 project.ext {
     // ExoPlayer version and version code.
-    releaseVersion = '2.15.1'
-    releaseVersionCode = 2015001
+    releaseVersion = '2.16.0'
+    releaseVersionCode = 2016000
     minSdkVersion = 16
     appTargetSdkVersion = 29
     // Upgrading this requires [Internal ref: b/193254928] to be fixed, or some
diff --git a/library/common/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java b/library/common/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java
index 9f13465861a..47845756599 100644
--- a/library/common/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java
+++ b/library/common/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java
@@ -27,11 +27,11 @@ public final class ExoPlayerLibraryInfo {
 
   /** The version of the library expressed as a string, for example "1.2.3". */
   // Intentionally hardcoded. Do not derive from other constants (e.g. VERSION_INT) or vice versa.
-  public static final String VERSION = "2.15.1";
+  public static final String VERSION = "2.16.0";
 
   /** The version of the library expressed as {@code TAG + "/" + VERSION}. */
   // Intentionally hardcoded. Do not derive from other constants (e.g. VERSION) or vice versa.
-  public static final String VERSION_SLASHY = "ExoPlayerLib/2.15.1";
+  public static final String VERSION_SLASHY = "ExoPlayerLib/2.16.0";
 
   /**
    * The version of the library expressed as an integer, for example 1002003.
@@ -41,7 +41,7 @@ public final class ExoPlayerLibraryInfo {
    * integer version 123045006 (123-045-006).
    */
   // Intentionally hardcoded. Do not derive from other constants (e.g. VERSION) or vice versa.
-  public static final int VERSION_INT = 2015001;
+  public static final int VERSION_INT = 2016000;
 
   /** Whether the library was compiled with {@link Assertions} checks enabled. */
   public static final boolean ASSERTIONS_ENABLED = true;