diff --git a/.gitignore b/.gitignore
index c9acc43..5edea20 100644
--- a/.gitignore
+++ b/.gitignore
@@ -26,3 +26,4 @@
 /productmd-1.24.tar.bz2
 /productmd-1.25.tar.bz2
 /productmd-1.26.tar.bz2
+/productmd-1.27.tar.gz
diff --git a/python-productmd.spec b/python-productmd.spec
index b307fdc..ec185ef 100644
--- a/python-productmd.spec
+++ b/python-productmd.spec
@@ -8,13 +8,13 @@
 %global srcname productmd
 
 Name:           python-%{srcname}
-Version:        1.26
-Release:        3%{?dist}
+Version:        1.27
+Release:        1%{?dist}
 Summary:        Library providing parsers for metadata related to OS installation
 
 License:        LGPLv2+
 URL:            https://github.com/release-engineering/productmd
-Source0:        https://files.pythonhosted.org/packages/source/p/%{srcname}/%{srcname}-%{version}.tar.bz2
+Source0:        https://files.pythonhosted.org/packages/source/p/%{srcname}/%{srcname}-%{version}.tar.gz
 
 BuildArch:      noarch
 
@@ -102,6 +102,10 @@ Requires:       python%{python3_pkgversion}-six
 %endif
 
 %changelog
+* Wed Aug 19 2020 Lubomír Sedlář <lsedlar@redhat.com> - 1.27-1
+- New upstream release 1.27
+- Switch sources to tar.gz
+
 * Wed Jul 29 2020 Fedora Release Engineering <releng@fedoraproject.org> - 1.26-3
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_33_Mass_Rebuild
 
diff --git a/sources b/sources
index 80ff750..09eca31 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (productmd-1.26.tar.bz2) = 859def7d0a82c269795d8030749ed732979d252ac4cda9073c0701f37924439bb021060c423df21615f1d3e4329180157229fd224c20a9333119d3ba22e4b86c
+SHA512 (productmd-1.27.tar.gz) = 947c418a070e90cd47dcbb9c72013304ca47ae40d0b796e36d2d4122fd769bd9bffabfa86b7b646940739dfe9ec00e70a89e6d4a8085636d7c2c744cbbc43329