diff --git a/RELEASENOTES.md b/RELEASENOTES.md
index f235ee6d3d..80ab9c83a3 100644
--- a/RELEASENOTES.md
+++ b/RELEASENOTES.md
@@ -58,6 +58,7 @@
         in a playlist can throw an exception
         ([#571](https://github.com/androidx/media/issues/571)).
     *   Release StreamManager before calling `AdsLoader.destroy()`
+    *   Bump IMA SDK version to 3.31.0.
 *   Session:
     *   Set the notifications foreground service behavior to
         `FOREGROUND_SERVICE_IMMEDIATE` in `DefaultMediaNotificationProvider`
diff --git a/libraries/exoplayer_ima/build.gradle b/libraries/exoplayer_ima/build.gradle
index 098f1363ba..a146a15c02 100644
--- a/libraries/exoplayer_ima/build.gradle
+++ b/libraries/exoplayer_ima/build.gradle
@@ -28,7 +28,7 @@ android {
 }
 
 dependencies {
-    api 'com.google.ads.interactivemedia.v3:interactivemedia:3.30.3'
+    api 'com.google.ads.interactivemedia.v3:interactivemedia:3.31.0'
     implementation project(modulePrefix + 'lib-exoplayer')
     implementation 'androidx.annotation:annotation:' + androidxAnnotationVersion
     compileOnly 'com.google.errorprone:error_prone_annotations:' + errorProneVersion