diff --git a/CHANGELOG.md b/CHANGELOG.md
index 20ef037..9b77471 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,12 @@
 Note for CI/CD: Ensure the version formatting in the sections is kept identical to the versions
 given in tags. The pipeline will pick this up and cuts out the relevant section for release notes.
 
+## 5.50
+
+### Features
+
+### Fixes
+
 ## 5.49
 
 ### Features
diff --git a/README.md b/README.md
index 2995b55..35f1608 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 # Bemanitools 5
 
-Version: `5.49`
+Version: `5.50`
 
 [Changelog](CHANGELOG.md)