diff --git a/mopidy/__init__.py b/mopidy/__init__.py
index 9d66b722..0a8e68aa 100644
--- a/mopidy/__init__.py
+++ b/mopidy/__init__.py
@@ -23,7 +23,7 @@ if (isinstance(pykka.__version__, basestring)
 warnings.filterwarnings('ignore', 'could not open display')
 
 
-__version__ = '0.11.1'
+__version__ = '0.12.0'
 
 
 from mopidy import settings as default_settings_module
diff --git a/tests/version_test.py b/tests/version_test.py
index 1cb3967c..a444ea1f 100644
--- a/tests/version_test.py
+++ b/tests/version_test.py
@@ -34,5 +34,6 @@ class VersionTest(unittest.TestCase):
         self.assertLess(SV('0.8.1'), SV('0.9.0'))
         self.assertLess(SV('0.9.0'), SV('0.10.0'))
         self.assertLess(SV('0.10.0'), SV('0.11.0'))
-        self.assertLess(SV('0.11.0'), SV(__version__))
-        self.assertLess(SV(__version__), SV('0.11.2'))
+        self.assertLess(SV('0.11.0'), SV('0.11.1'))
+        self.assertLess(SV('0.11.1'), SV(__version__))
+        self.assertLess(SV(__version__), SV('0.12.1'))