diff --git a/CMakeLists.txt b/CMakeLists.txt
index add2bd59..1830aeee 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -6,7 +6,8 @@ set(CMAKE_MODULE_PATH "${CMAKE_SOURCE_DIR}/cmake/Modules")
 
 ################### SETUP PROJECT ###################
 project(openshot)
-set(PROJECT_VERSION 1.3.0)
+set(PROJECT_VERSION 0.1.2)
+set(SO_VERSION 0.1.0)
 MESSAGE("--------------------------------------------------------------")
 MESSAGE("---- Generating build files for ${PROJECT_NAME} (${PROJECT_VERSION})")
 MESSAGE("--------------------------------------------------------------")
diff --git a/src/CMakeLists.txt b/src/CMakeLists.txt
index 153ed44b..4ba001f5 100644
--- a/src/CMakeLists.txt
+++ b/src/CMakeLists.txt
@@ -51,6 +51,12 @@ add_library(openshot SHARED
 			KeyFrame.cpp
 			Player.cpp
 			Point.cpp)
+			
+# Set SONAME and other library properties
+set_target_properties(openshot
+			PROPERTIES
+			VERSION ${PROJECT_VERSION}
+			SOVERSION ${SO_VERSION})
 
 # Link all referenced libraries
 target_link_libraries(openshot ${ImageMagick_LIBRARIES} ${FFMPEG_LIBRARIES} ${LIBJUCE_LIBRARIES} ${SDL_LIBRARY}) #${GTK2_LIBRARIES}