diff --git a/archives/libwebp-0.4.4.tar.gz b/archives/libwebp-0.4.4.tar.gz
deleted file mode 100644
index 706fb6564..000000000
Binary files a/archives/libwebp-0.4.4.tar.gz and /dev/null differ
diff --git a/archives/libwebp-0.5.0.tar.gz b/archives/libwebp-0.5.0.tar.gz
new file mode 100644
index 000000000..9e5a4130f
Binary files /dev/null and b/archives/libwebp-0.5.0.tar.gz differ
diff --git a/run_install.sh b/run_install.sh
index 5a8faf48b..700dc92ac 100644
--- a/run_install.sh
+++ b/run_install.sh
@@ -9,7 +9,7 @@ JPEG_VERSION=9a
 OPENJPEG_VERSION=2.1.0
 TIFF_VERSION=4.0.6
 LCMS_VERSION=2.7
-WEBP_VERSION=0.4.4
+WEBP_VERSION=0.5.0
 
 # Need cmake for openjpeg
 brew install cmake