diff --git a/multimedia/misc/lv2/pspec.xml b/multimedia/misc/lv2/pspec.xml
index 04bf10aa44..1077347429 100644
--- a/multimedia/misc/lv2/pspec.xml
+++ b/multimedia/misc/lv2/pspec.xml
@@ -13,7 +13,7 @@
         <IsA>library</IsA>
         <Summary>LV2 is a simple but extensible successor of LADSPA</Summary>
         <Description>LV2 is a portable plugin standard for audio systems, similar in scope to ​LADSPA, VST, AU, and others. It defines a C API for code and a format for data files which collectively describe a plugin.</Description>
-        <Archive sha1sum="2ab5beee4b53f9bd9b7abb5d49b995b322d12659" type="tarbz2">http://lv2plug.in/spec/lv2-1.14.0.tar.bz2</Archive>
+        <Archive sha1sum="437f782946eb73698422455e3735d5b60bf28518" type="tarbz2">http://lv2plug.in/spec/lv2-1.16.0.tar.bz2</Archive>
         <BuildDependencies>
             <Dependency>gtk2-devel</Dependency>
             <Dependency>libsndfile-devel</Dependency>
@@ -64,6 +64,13 @@
     </Package>
 
     <History>
+        <Update release="3">
+            <Date>2020-01-30</Date>
+            <Version>1.16.0</Version>
+            <Comment>Version bump.</Comment>
+            <Name>Mustafa Cinasal</Name>
+            <Email>muscnsl@gmail.com</Email>
+        </Update>
         <Update release="2">
             <Date>2018-09-01</Date>
             <Version>1.14.0</Version>