diff --git a/pkgs/development/libraries/live555/default.nix b/pkgs/development/libraries/live555/default.nix
index 4dd5d8bcd26..6d62daadaa6 100644
--- a/pkgs/development/libraries/live555/default.nix
+++ b/pkgs/development/libraries/live555/default.nix
@@ -1,15 +1,13 @@
 { stdenv, fetchurl, lib, darwin }:
 
 # Based on https://projects.archlinux.org/svntogit/packages.git/tree/trunk/PKGBUILD
-let
-  version = "2018.02.28";
-in
-stdenv.mkDerivation {
+stdenv.mkDerivation rec {
   name = "live555-${version}";
+  version = "2018.10.17";
 
   src = fetchurl { # the upstream doesn't provide a stable URL
     url = "mirror://sourceforge/slackbuildsdirectlinks/live.${version}.tar.gz";
-    sha256 = "0zi47asv1qmb09g321m02q684i3c90vci0mgkdh1mlmx2rbg1d1d";
+    sha256 = "1s69ipvdc6ldscp0cr1zpsll8xc3qcagr95nl84x7b1rbg4xjs3w";
   };
 
   postPatch = ''
@@ -23,24 +21,34 @@ stdenv.mkDerivation {
   '';
 
   configurePhase = ''
+    runHook preConfigure
+
     ./genMakefiles ${{
       x86_64-darwin = "macosx";
       i686-linux = "linux";
       x86_64-linux = "linux-64bit";
       aarch64-linux = "linux-64bit";
     }.${stdenv.hostPlatform.system}}
+
+    runHook postConfigure
   '';
 
   installPhase = ''
+    runHook preInstall
+
     for dir in BasicUsageEnvironment groupsock liveMedia UsageEnvironment; do
       install -dm755 $out/{bin,lib,include/$dir}
       install -m644 $dir/*.a "$out/lib"
       install -m644 $dir/include/*.h* "$out/include/$dir"
     done
+
+    runHook postInstall
   '';
 
   nativeBuildInputs = lib.optional stdenv.isDarwin darwin.cctools;
 
+  enableParallelBuilding = true;
+
   meta = with lib; {
     description = "Set of C++ libraries for multimedia streaming, using open standard protocols (RTP/RTCP, RTSP, SIP)";
     homepage = http://www.live555.com/liveMedia/;