diff --git a/packages/addons/multimedia/libav/changelog.txt b/packages/addons/multimedia/libav/changelog.txt
index 39b3bbb7b3..019076164d 100644
--- a/packages/addons/multimedia/libav/changelog.txt
+++ b/packages/addons/multimedia/libav/changelog.txt
@@ -1,3 +1,6 @@
+0.99.3
+- update to libav-0.7 (final)
+
 0.99.2
 - change icon
 
diff --git a/packages/addons/multimedia/libav/meta b/packages/addons/multimedia/libav/meta
index fdd410d858..67991f0694 100644
--- a/packages/addons/multimedia/libav/meta
+++ b/packages/addons/multimedia/libav/meta
@@ -19,12 +19,12 @@
 ################################################################################
 
 PKG_NAME="libav"
-PKG_VERSION="0.7_beta2"
-PKG_REV="2"
+PKG_VERSION="0.7"
+PKG_REV="3"
 PKG_ARCH="any"
 PKG_LICENSE="GPL"
 PKG_SITE="http://www.libav.org"
-PKG_URL="http://libav.org/releases/$PKG_NAME-$PKG_VERSION.tar.gz"
+PKG_URL="http://libav.org/releases/$PKG_NAME-$PKG_VERSION.tar.xz"
 PKG_DEPENDS=""
 PKG_BUILD_DEPENDS="toolchain alsa-lib zlib bzip2"
 PKG_PRIORITY="optional"