diff --git a/Formula/ffmpeg.rb b/Formula/ffmpeg.rb
index b3e0d93ac3..a6da97e728 100644
--- a/Formula/ffmpeg.rb
+++ b/Formula/ffmpeg.rb
@@ -2,8 +2,8 @@ require 'formula'
 
 class Ffmpeg < Formula
   homepage 'http://ffmpeg.org/'
-  url 'http://ffmpeg.org/releases/ffmpeg-1.2.tar.bz2'
-  sha1 'e1df2389560da95e1a76f9375f054e630c7e2602'
+  url 'http://ffmpeg.org/releases/ffmpeg-1.2.1.tar.bz2'
+  sha1 '930e5612d75d04fdf7c0579f4d85d47e31e38945'
 
   head 'git://git.videolan.org/ffmpeg.git'