diff --git a/EZAudio.podspec b/EZAudio.podspec
index b2681fae..82ac2adf 100644
--- a/EZAudio.podspec
+++ b/EZAudio.podspec
@@ -1,6 +1,6 @@
 Pod::Spec.new do |s|
   s.name         = "EZAudio"
-  s.version      = "0.4.0"
+  s.version      = "0.5.0"
   s.summary      = "A simple, intuitive audio framework for iOS and OSX useful for anyone doing audio processing and/or audio-based visualizations."
   s.homepage     = "https://github.com/syedhali/EZAudio"
   s.screenshots  = "https://s3-us-west-1.amazonaws.com/ezaudio-media/EZAudioSummary.png"
diff --git a/README.md b/README.md
index 460d39ff..12dd786c 100644
--- a/README.md
+++ b/README.md
@@ -108,7 +108,7 @@ To begin using `EZAudio` you must first make sure you have the proper build requ
 You can add EZAudio to your project in a few ways: <br><br>1.) The easiest way to use EZAudio is via <a href="http://cocoapods.org/", target="_blank">Cocoapods</a>. Simply add EZAudio to your <a href="http://guides.cocoapods.org/using/the-podfile.html", target="_blank">Podfile</a> like so:
 
 `
-pod 'EZAudio', '~> 0.4.0'
+pod 'EZAudio', '~> 0.5.0'
 `
 
 2.) Alternatively, you could clone or fork this repo and just drag and drop the source into your project.