diff --git a/NEWS b/NEWS
index 57c88a3f2..50eccdf36 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,16 @@
+3.17.4
+======
+* nested: Allow basic configuration of dummy outputs [Jonas; #747089]
+* Send wl_surface.enter and wl_surface.leave on output changes [Jonas; #744453]
+* Improve HiDPI handling on wayland [Jonas; #745655, #744934]
+* Implement compositor-side animated cursors [Carlos; #752342]
+* Misc. bug fixes [Peter, Marek, Carlos, Matthias, Rui; #750816, #751884,
+  #752248, #752551, #752552, #752673, #752674]
+
+Contributors:
+  Jonas Ådahl, Marek Chalupa, Matthias Clasen, Carlos Garnacho, Peter Hutterer,
+  Rui Matos, Florian Müllner, Jasper St. Pierre
+
 3.17.3
 ======
 * Add X11/wayland clipboard interaction [Carlos; #738312]
diff --git a/configure.ac b/configure.ac
index 26ac643c3..b69c2559c 100644
--- a/configure.ac
+++ b/configure.ac
@@ -2,7 +2,7 @@ AC_PREREQ(2.62)
 
 m4_define([mutter_major_version], [3])
 m4_define([mutter_minor_version], [17])
-m4_define([mutter_micro_version], [3])
+m4_define([mutter_micro_version], [4])
 
 m4_define([mutter_version],
           [mutter_major_version.mutter_minor_version.mutter_micro_version])