diff --git a/VERSION b/VERSION
index 267577d..8f0916f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.4.1
+0.5.0
diff --git a/frontend/src/lib/releaseNotes.ts b/frontend/src/lib/releaseNotes.ts
index 818e3b6..b01edfa 100644
--- a/frontend/src/lib/releaseNotes.ts
+++ b/frontend/src/lib/releaseNotes.ts
@@ -14,6 +14,20 @@ export interface ReleaseEntry {
 }
 
 export const RELEASE_NOTES: ReleaseEntry[] = [
+  {
+    version: "0.5.0",
+    date: "2026-06-16",
+    summary: "Clearer live videos — and they now settle into normal videos once they end.",
+    features: [
+      "Live and premiere videos now show a LIVE / upcoming badge where the duration usually sits, so a missing runtime is obviously by design, not a gap.",
+    ],
+    fixes: [
+      "When a live stream ends, it now updates by itself into a normal video with its real length, instead of staying stuck as “live” with no duration.",
+    ],
+    chores: [
+      "Shared demo-account mode: a curated whitelist can preview the app (shared library, playlists, hiding) without signing in; admin whitelist + state reset in Settings.",
+    ],
+  },
   {
     version: "0.4.1",
     date: "2026-06-16",