diff --git a/CMakeLists.txt b/CMakeLists.txt
index b7969c0ce..a14c58e59 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,7 +1,7 @@
 cmake_minimum_required(VERSION 3.14)
 
 project(MLT
-  VERSION 7.11.0
+  VERSION 7.12.0
   DESCRIPTION "Multimedia Framework"
   HOMEPAGE_URL "https://www.mltframework.org"
   LANGUAGES C CXX
diff --git a/Doxyfile b/Doxyfile
index bd085da96..015b4cdbd 100644
--- a/Doxyfile
+++ b/Doxyfile
@@ -31,7 +31,7 @@ PROJECT_NAME = MLT
 # This could be handy for archiving the generated documentation or 
 # if some version control system is used.
 
-PROJECT_NUMBER = 7.10.0
+PROJECT_NUMBER = 7.12.0
 
 # The OUTPUT_DIRECTORY tag is used to specify the (relative or absolute) 
 # base path where the generated documentation will be put. 
diff --git a/NEWS b/NEWS
index 3679b5171..6f2876550 100644
--- a/NEWS
+++ b/NEWS
@@ -1,6 +1,46 @@
 MLT Release Notes
 -----------------
 
+Version 7.12.0
+
+This version is released soon after 7.10.0 to fix a couple of major new
+bugs in the popular `qtblend` and `frei0r.cairoblend` transitions.
+It also includes new color animation APIs with sensible interpolation!
+
+Framework
+  * Added new color animation APIs:
+    - `mlt_property_set_color()`
+    - `mlt_property_get_color()`
+    - `mlt_property_anim_set_color()`
+    - `mlt_property_anim_get_color()`
+    - `mlt_properties_anim_set_color()`
+    - `mlt_properties_anim_get_color()`
+    - `Mlt::Properties::anim_get_color(char const*, int, int)`
+    - `Mlt::Properties::anim_set(char const*, mlt_color, int, int, mlt_keyframe_type)`
+
+Modules
+  * Updated the following services to support animation of color properties:
+    - `frei0r` (any color parameter in any frei0r plugin)
+    - `chroma`
+    - `chroma_hold`
+    - `audiolevelgraph`
+    - `audiospectrum`
+    - `audiowaveform`
+    - `gpsgraphic`
+    - `gpstext`
+    - `qtcrop`
+    - `qtext`
+  * Added `discontinuity_reset` property to `dynamic_loudness` filter.
+  * Fixed `qtblend` transition not blending with an opaque rgba image.
+  * Added support for the "finer" engine in Rubberband version 3.
+  * Fixed crash in `frei0r.cairoblend` when `threads` property not set.
+
+Other
+  * Fixed leaking the xml producer in `melt` when the XML contains a `consumer`
+    element but no profile information.
+  * Fixed symbol not found error in `rtaudio` consumer.
+
+
 Version 7.10.0
 
 The highlight of this version is support for Qt 6.
diff --git a/docs/melt.1 b/docs/melt.1
index fb651c415..bc52a008c 100644
--- a/docs/melt.1
+++ b/docs/melt.1
@@ -1,5 +1,5 @@
 .\" DO NOT MODIFY THIS FILE!  It was generated by help2man 1.38.4.
-.TH MELT "1" "November 2022" "melt 7.10.0" "User Commands"
+.TH MELT "1" "November 2022" "melt 7.12.0" "User Commands"
 .SH NAME
 melt \- author, play, and encode multitrack audio/video compositions
 .SH SYNOPSIS
diff --git a/src/framework/mlt_version.h b/src/framework/mlt_version.h
index 1a4b08ddd..e182a54b5 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    11
+#define LIBMLT_VERSION_MINOR    12
 #define LIBMLT_VERSION_REVISION 0
 #define LIBMLT_VERSION_INT      ((LIBMLT_VERSION_MAJOR<<16)+(LIBMLT_VERSION_MINOR<<8)+LIBMLT_VERSION_REVISION)
 #define LIBMLT_VERSION          MLT_STRINGIZE(LIBMLT_VERSION_MAJOR.LIBMLT_VERSION_MINOR.LIBMLT_VERSION_REVISION)