diff --git a/.version b/.version
index 223852a..ce92a2d 100644
--- a/.version
+++ b/.version
@@ -1 +1 @@
-1.49.0
\ No newline at end of file
+1.50.0
\ No newline at end of file
diff --git a/Dockerfile b/Dockerfile
index 36e1d76..eed54e0 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -47,7 +47,7 @@ LABEL \
     org.label-schema.schema-version="1.0" \
     org.label-schema.vendor="Elastic" \
     org.label-schema.name="opbeans-java" \
-    org.label-schema.version="1.49.0" \
+    org.label-schema.version="1.50.0" \
     org.label-schema.url="https://hub.docker.com/r/opbeans/opbeans-java" \
     org.label-schema.vcs-url="https://github.com/elastic/opbeans-java" \
     org.label-schema.license="MIT"