diff --git a/src/libprojectM/libprojectM.pc.in b/src/libprojectM/libprojectM.pc.in
index caef3df4b..a21180b46 100644
--- a/src/libprojectM/libprojectM.pc.in
+++ b/src/libprojectM/libprojectM.pc.in
@@ -1,12 +1,12 @@
 prefix=@CMAKE_INSTALL_PREFIX@
 exec_prefix=@CMAKE_INSTALL_PREFIX@
-libdir=@CMAKE_INSTALL_PREFIX@/lib
+libdir=@LIB_INSTALL_PREFIX@/lib
 includedir=@CMAKE_INSTALL_PREFIX@/include
 pkgdatadir=@CMAKE_INSTALL_PREFIX@/@RESOURCE_PREFIX@
 sysconfdir=@CMAKE_INSTALL_PREFIX@/@RESOURCE_PREFIX@
 
 Name: libprojectM
-Version: 1.2.0
+Version: 2.0.0
 Description: projectM - OpenGL Milkdrop
 Requires:
 Libs: -L${libdir} -lprojectM