diff --git a/FIXES.md b/FIXES.md
index d253ba3c1..a9146cca1 100644
--- a/FIXES.md
+++ b/FIXES.md
@@ -15,3 +15,10 @@
   `--audio-channel-map 0:1` while receiving only mono)
 * do not set BMD conversion mode (issue #215)
 
+#### 1.7.4
+* fixed setting of intra-refresh build for NVENC with libavcodec (do not set,
+  otherwise libavcodec sets infinite GOP meaning stream not being decodable from
+  the middle /not at all to be more specific/)
+* backported fixed RTSP capture from master
+* build fixes
+
diff --git a/configure.ac b/configure.ac
index 5b2eda1f2..5e3b27ed4 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,6 +1,6 @@
 dnl Process this file with autoconf to produce a configure script.
 
-AC_INIT([UltraGrid],[1.7.3],[ultragrid-dev@cesnet.cz])
+AC_INIT([UltraGrid],[1.7.4],[ultragrid-dev@cesnet.cz])
 configure_flags="$*"
 AC_CANONICAL_TARGET
 AM_INIT_AUTOMAKE([1.10])