diff --git a/.gitignore b/.gitignore
index ef056e8..01a370e 100644
--- a/.gitignore
+++ b/.gitignore
@@ -2,3 +2,4 @@
 /intel-mediasdk-20.1.0.tar.gz
 /intel-mediasdk-20.1.1.tar.gz
 /intel-mediasdk-20.2.1.tar.gz
+/intel-mediasdk-20.3.0.tar.gz
diff --git a/intel-mediasdk.spec b/intel-mediasdk.spec
index 44cf267..bc43ee0 100644
--- a/intel-mediasdk.spec
+++ b/intel-mediasdk.spec
@@ -1,10 +1,10 @@
 %undefine __cmake_in_source_build
 %global mfx_abi 1
-%global mfx_version %{mfx_abi}.33
+%global mfx_version %{mfx_abi}.34
 
 Summary: Hardware-accelerated video processing on Intel integrated GPUs library
 Name: intel-mediasdk
-Version: 20.2.1
+Version: 20.3.0
 Release: 1%{?dist}
 URL: http://mediasdk.intel.com
 Source0: https://github.com/Intel-Media-SDK/MediaSDK/archive/%{name}-%{version}.tar.gz
@@ -111,6 +111,9 @@ questions and issues.
 %{_libdir}/libmfx-tracer.so.%{mfx_version}
 
 %changelog
+* Fri Oct 02 2020 Dominik Mierzejewski <rpm@greysector.net> - 20.3.0-1
+- update to 20.3.0 (#1884321)
+
 * Fri Aug 07 2020 Dominik Mierzejewski <rpm@greysector.net> - 20.2.1-1
 - update to 20.2.1 (#1827296)
 - fix build with recent cmake macro changes
diff --git a/sources b/sources
index b732e92..6aedf47 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (intel-mediasdk-20.2.1.tar.gz) = 7719612d66f73145cfd049d09086df681ef16196648c399e11a2594b8ecfa8f0d9c5677808718092bc062129e0a55d9ac7d1e898538b630a5d3ae3437eab4f4d
+SHA512 (intel-mediasdk-20.3.0.tar.gz) = 2bd2604e6f17aeeea661352fd52c19b0ff2361919ad67b858287e507e0356cc805f1d22b39ff28294d303efefc33e10c2c5912d774f1bc40751c2c6c3c9e90c4