diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5c8424e..0fb1523 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,20 @@
 # Changelog
 
+## [0.5.0](https://www.github.com/googleapis/python-video-transcoder/compare/v0.4.1...v0.5.0) (2021-08-07)
+
+
+### Features
+
+* Add ttl_after_completion_days field to Job ([d862900](https://www.github.com/googleapis/python-video-transcoder/commit/d86290047e9464e4026c264a6dfea51936b21c2c))
+* Add video cropping feature ([#81](https://www.github.com/googleapis/python-video-transcoder/issues/81)) ([d862900](https://www.github.com/googleapis/python-video-transcoder/commit/d86290047e9464e4026c264a6dfea51936b21c2c))
+* Add video padding feature ([d862900](https://www.github.com/googleapis/python-video-transcoder/commit/d86290047e9464e4026c264a6dfea51936b21c2c))
+
+
+### Documentation
+
+* Indicate v1beta1 deprecation ([d862900](https://www.github.com/googleapis/python-video-transcoder/commit/d86290047e9464e4026c264a6dfea51936b21c2c))
+* Update proto documentation ([d862900](https://www.github.com/googleapis/python-video-transcoder/commit/d86290047e9464e4026c264a6dfea51936b21c2c))
+
 ### [0.4.1](https://www.github.com/googleapis/python-video-transcoder/compare/v0.4.0...v0.4.1) (2021-07-27)
 
 
diff --git a/setup.py b/setup.py
index 6027ecc..aa6392f 100644
--- a/setup.py
+++ b/setup.py
@@ -19,7 +19,7 @@
 import os
 import setuptools  # type: ignore
 
-version = "0.4.1"
+version = "0.5.0"
 
 package_root = os.path.abspath(os.path.dirname(__file__))