diff --git a/CMakeLists.txt b/CMakeLists.txt
index 169d4a196..3d2ad7365 100755
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -29,7 +29,7 @@ endif()
 # Project definition.
 
 project(OpenColorIO 
-    VERSION 2.3.0
+    VERSION 2.4.0
     DESCRIPTION "OpenColorIO (OCIO) is a complete color management solution"
     HOMEPAGE_URL https://github.com/AcademySoftwareFoundation/OpenColorIO
     LANGUAGES CXX C)