diff --git a/src/gst-plugins-base.mk b/src/gst-plugins-base.mk
index 9f1aacb7..16f0d8fd 100644
--- a/src/gst-plugins-base.mk
+++ b/src/gst-plugins-base.mk
@@ -3,8 +3,8 @@
 
 PKG             := gst-plugins-base
 $(PKG)_IGNORE   :=
-$(PKG)_VERSION  := 1.1.2
-$(PKG)_CHECKSUM := 0daf1a244a428ae4b59e7e95fa197c0ded05b192
+$(PKG)_VERSION  := 1.2.1
+$(PKG)_CHECKSUM := 77638d4007de0c2057ce502327e7ccac031e2e34
 $(PKG)_SUBDIR   := $(PKG)-$($(PKG)_VERSION)
 $(PKG)_FILE     := $(PKG)-$($(PKG)_VERSION).tar.xz
 $(PKG)_URL      := http://gstreamer.freedesktop.org/src/$(PKG)/$($(PKG)_FILE)
diff --git a/src/gst-plugins-good.mk b/src/gst-plugins-good.mk
index 492a5e73..df43590d 100644
--- a/src/gst-plugins-good.mk
+++ b/src/gst-plugins-good.mk
@@ -3,8 +3,8 @@
 
 PKG             := gst-plugins-good
 $(PKG)_IGNORE   :=
-$(PKG)_VERSION  := 1.1.2
-$(PKG)_CHECKSUM := c233d9f2324114081f704ad6ca371b8f8317a429
+$(PKG)_VERSION  := 1.2.1
+$(PKG)_CHECKSUM := 62aebcaf4084b2cb2dd1306c45c943a04ed45833
 $(PKG)_SUBDIR   := $(PKG)-$($(PKG)_VERSION)
 $(PKG)_FILE     := $(PKG)-$($(PKG)_VERSION).tar.xz
 $(PKG)_URL      := http://gstreamer.freedesktop.org/src/$(PKG)/$($(PKG)_FILE)
diff --git a/src/gstreamer-1-fixes.patch b/src/gstreamer-1-fixes.patch
new file mode 100644
index 00000000..873dd2ba
--- /dev/null
+++ b/src/gstreamer-1-fixes.patch
@@ -0,0 +1,27 @@
+This file is part of MXE.
+See index.html for further information.
+
+Contains ad hoc patches for cross building.
+
+From 3c2f96d5bbadcff5724523612e5cf0e2d6a9ac51 Mon Sep 17 00:00:00 2001
+From: MXE
+Date: Tue, 12 Nov 2013 02:49:49 +1100
+Subject: [PATCH] remove _chsize redefinition
+
+
+diff --git a/plugins/elements/gstfilesink.c b/plugins/elements/gstfilesink.c
+index 470ad5e..eb8dbe8 100644
+--- a/plugins/elements/gstfilesink.c
++++ b/plugins/elements/gstfilesink.c
+@@ -56,8 +56,6 @@
+ #define lseek _lseeki64
+ #undef off_t
+ #define off_t guint64
+-#undef ftruncate
+-#define ftruncate _chsize
+ #ifdef _MSC_VER                 /* Check if we are using MSVC, fileno is deprecated in favour */
+ #define fileno _fileno          /* of _fileno */
+ #endif
+-- 
+1.8.4
+
diff --git a/src/gstreamer.mk b/src/gstreamer.mk
index 680a5e76..2bc934cd 100644
--- a/src/gstreamer.mk
+++ b/src/gstreamer.mk
@@ -3,8 +3,8 @@
 
 PKG             := gstreamer
 $(PKG)_IGNORE   :=
-$(PKG)_VERSION  := 1.1.2
-$(PKG)_CHECKSUM := c4bd5867b47140569dd350c91f43e4e020a27c75
+$(PKG)_VERSION  := 1.2.1
+$(PKG)_CHECKSUM := c61b54da3eefddbc4cb8d773488dc6661607e578
 $(PKG)_SUBDIR   := $(PKG)-$($(PKG)_VERSION)
 $(PKG)_FILE     := $(PKG)-$($(PKG)_VERSION).tar.xz
 $(PKG)_URL      := http://gstreamer.freedesktop.org/src/$(PKG)/$($(PKG)_FILE)