diff --git a/beets/__init__.py b/beets/__init__.py
index 151b46994..02e7ad204 100644
--- a/beets/__init__.py
+++ b/beets/__init__.py
@@ -12,7 +12,7 @@
 # The above copyright notice and this permission notice shall be
 # included in all copies or substantial portions of the Software.
 
-__version__ = '1.1.1'
+__version__ = '1.2.0'
 __author__ = 'Adrian Sampson <adrian@radbox.org>'
 
 import beets.library
diff --git a/docs/changelog.rst b/docs/changelog.rst
index e8e4b1cbf..da4368edf 100644
--- a/docs/changelog.rst
+++ b/docs/changelog.rst
@@ -1,7 +1,7 @@
 Changelog
 =========
 
-1.1.1 (in development)
+1.2.0 (in development)
 ----------------------
 
 Two new plugins that add new **data sources** to beets that augment
diff --git a/docs/conf.py b/docs/conf.py
index f5fd07017..0136ac23e 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -12,8 +12,8 @@ master_doc = 'index'
 project = u'beets'
 copyright = u'2012, Adrian Sampson'
 
-version = '1.1'
-release = '1.1.1'
+version = '1.2'
+release = '1.2.0'
 
 pygments_style = 'sphinx'
 
diff --git a/setup.py b/setup.py
index d9ec76e69..350bc6cd1 100755
--- a/setup.py
+++ b/setup.py
@@ -42,7 +42,7 @@ if 'sdist' in sys.argv:
     shutil.copytree(os.path.join(docdir, '_build', 'man'), mandir)
 
 setup(name='beets',
-      version='1.1.1',
+      version='1.2.0',
       description='music tagger and library organizer',
       author='Adrian Sampson',
       author_email='adrian@radbox.org',