diff --git a/package/multimedia/ffmpeg/ffmpeg.mk b/package/multimedia/ffmpeg/ffmpeg.mk
index ef97674c1a..38f04aafc7 100644
--- a/package/multimedia/ffmpeg/ffmpeg.mk
+++ b/package/multimedia/ffmpeg/ffmpeg.mk
@@ -4,7 +4,7 @@
 #
 #############################################################
 
-FFMPEG_VERSION = 0.8.7
+FFMPEG_VERSION = 0.8.8
 FFMPEG_SOURCE = ffmpeg-$(FFMPEG_VERSION).tar.bz2
 FFMPEG_SITE = http://ffmpeg.org/releases
 FFMPEG_INSTALL_STAGING = YES