diff --git a/gnu/packages/video.scm b/gnu/packages/video.scm
index 571dbb70c6..bd54f03219 100644
--- a/gnu/packages/video.scm
+++ b/gnu/packages/video.scm
@@ -4851,7 +4851,7 @@ result in several formats:
 (define-public rav1e
   (package
     (name "rav1e")
-    (version "0.3.5")
+    (version "0.4.0")
     (source
       (origin
         (method url-fetch)
@@ -4860,7 +4860,7 @@ result in several formats:
          (string-append name "-" version ".tar.gz"))
         (sha256
          (base32
-          "0c40gq4qid2apmlgzx98f6826jmn2n61prk0rn7sjxaw7yimw854"))))
+          "02cpgzycfgnflnv8sck6ajasa7abfgdzn6b4jv01sf6r21yfipbq"))))
     (build-system cargo-build-system)
     (arguments
      `(#:cargo-inputs
@@ -4869,45 +4869,45 @@ result in several formats:
         ("rust-arg-enum-proc-macro" ,rust-arg-enum-proc-macro-0.3)
         ("rust-arrayvec" ,rust-arrayvec-0.5)
         ("rust-backtrace" ,rust-backtrace-0.3)
-        ("rust-bitstream-io" ,rust-bitstream-io-0.8)
+        ("rust-bitstream-io" ,rust-bitstream-io-1)
         ("rust-byteorder" ,rust-byteorder-1)
         ("rust-cc" ,rust-cc-1)
-        ("rust-cfg-if" ,rust-cfg-if-0.1)
+        ("rust-cfg-if" ,rust-cfg-if-1)
         ("rust-clap" ,rust-clap-2)
-        ("rust-console" ,rust-console-0.11)
+        ("rust-console" ,rust-console-0.14)
         ("rust-dav1d-sys" ,rust-dav1d-sys-0.3)
         ("rust-fern" ,rust-fern-0.6)
         ("rust-image" ,rust-image-0.23)
         ("rust-interpolate-name" ,rust-interpolate-name-0.2)
-        ("rust-itertools" ,rust-itertools-0.9)
+        ("rust-itertools" ,rust-itertools-0.10)
         ("rust-ivf" ,rust-ivf-0.1)
         ("rust-libc" ,rust-libc-0.2)
         ("rust-log" ,rust-log-0.4)
         ("rust-nasm-rs" ,rust-nasm-rs-0.2)
-        ("rust-noop-proc-macro" ,rust-noop-proc-macro-0.2)
+        ("rust-noop-proc-macro" ,rust-noop-proc-macro-0.3)
         ("rust-num-derive" ,rust-num-derive-0.3)
         ("rust-num-traits" ,rust-num-traits-0.2)
-        ("rust-paste" ,rust-paste-0.1)
-        ("rust-rand" ,rust-rand-0.7)
-        ("rust-rand-chacha" ,rust-rand-chacha-0.2)
+        ("rust-paste" ,rust-paste-1)
+        ("rust-rand" ,rust-rand-0.8)
+        ("rust-rand-chacha" ,rust-rand-chacha-0.3)
         ("rust-rayon" ,rust-rayon-1)
         ("rust-rust-hawktracer" ,rust-rust-hawktracer-0.7)
-        ("rust-rustc-version" ,rust-rustc-version-0.2)
+        ("rust-rustc-version" ,rust-rustc-version-0.3)
         ("rust-scan-fmt" ,rust-scan-fmt-0.2)
         ("rust-serde" ,rust-serde-1)
-        ("rust-signal-hook" ,rust-signal-hook-0.1)
+        ("rust-signal-hook" ,rust-signal-hook-0.3)
         ("rust-simd-helpers" ,rust-simd-helpers-0.1)
         ("rust-thiserror" ,rust-thiserror-1)
         ("rust-toml" ,rust-toml-0.5)
         ("rust-vergen" ,rust-vergen-3)
-        ("rust-y4m" ,rust-y4m-0.5))
+        ("rust-y4m" ,rust-y4m-0.7))
        #:cargo-development-inputs
        (("rust-assert-cmd" ,rust-assert-cmd-1)
         ("rust-criterion" ,rust-criterion-0.3)
         ("rust-interpolate-name" ,rust-interpolate-name-0.2)
         ("rust-pretty-assertions" ,rust-pretty-assertions-0.6)
-        ("rust-rand" ,rust-rand-0.7)
-        ("rust-rand-chacha" ,rust-rand-chacha-0.2)
+        ("rust-rand" ,rust-rand-0.8)
+        ("rust-rand-chacha" ,rust-rand-chacha-0.3)
         ("rust-semver" ,rust-semver-0.9))
        #:phases
        (modify-phases %standard-phases