diff --git a/src/ffmpeg.mk b/src/ffmpeg.mk
index 022de7df..600099b9 100644
--- a/src/ffmpeg.mk
+++ b/src/ffmpeg.mk
@@ -3,8 +3,8 @@
 
 PKG             := ffmpeg
 $(PKG)_IGNORE   :=
-$(PKG)_VERSION  := 1.2.2
-$(PKG)_CHECKSUM := 5ccf4067f43853e5d63218aba13bc571b1108b5a
+$(PKG)_VERSION  := 1.2.3
+$(PKG)_CHECKSUM := f083c92075fe010f17416bc880dfca101535276d
 $(PKG)_SUBDIR   := $(PKG)-$($(PKG)_VERSION)
 $(PKG)_FILE     := $(PKG)-$($(PKG)_VERSION).tar.bz2
 $(PKG)_URL      := http://www.ffmpeg.org/releases/$($(PKG)_FILE)