diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 27a9bed89a63..528ca537a19e 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -749,7 +749,7 @@
   "google-cloud-video-stitcher+FILLER": "0.0.0",
   "google-cloud-video-stitcher-v1": "1.0.0",
   "google-cloud-video-stitcher-v1+FILLER": "0.0.0",
-  "google-cloud-video-transcoder": "1.5.0",
+  "google-cloud-video-transcoder": "1.5.1",
   "google-cloud-video-transcoder+FILLER": "0.0.0",
   "google-cloud-video-transcoder-v1": "1.0.0",
   "google-cloud-video-transcoder-v1+FILLER": "0.0.0",
diff --git a/google-cloud-video-transcoder/CHANGELOG.md b/google-cloud-video-transcoder/CHANGELOG.md
index cfb8146590e4..26e3d2e06b8e 100644
--- a/google-cloud-video-transcoder/CHANGELOG.md
+++ b/google-cloud-video-transcoder/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Release History
 
+### 1.5.1 (2024-08-08)
+
+#### Documentation
+
+* Formatting updates to README.md ([#26645](https://github.com/googleapis/google-cloud-ruby/issues/26645)) 
+
 ### 1.5.0 (2024-02-26)
 
 #### Features
diff --git a/google-cloud-video-transcoder/lib/google/cloud/video/transcoder/version.rb b/google-cloud-video-transcoder/lib/google/cloud/video/transcoder/version.rb
index febedc075db8..e493bc2ad41f 100644
--- a/google-cloud-video-transcoder/lib/google/cloud/video/transcoder/version.rb
+++ b/google-cloud-video-transcoder/lib/google/cloud/video/transcoder/version.rb
@@ -21,7 +21,7 @@ module Google
   module Cloud
     module Video
       module Transcoder
-        VERSION = "1.5.0"
+        VERSION = "1.5.1"
       end
     end
   end