diff --git a/README.md b/README.md
index b278dff3c..00f2e7503 100644
--- a/README.md
+++ b/README.md
@@ -126,6 +126,7 @@ of releases [here](https://github.com/tensorflow/io/releases).
 
 | TensorFlow I/O Version | TensorFlow Compatibility | Release Date |
 | --- | --- | --- |
+| 0.37.0 | 2.16.x | Apr 25, 2024 |
 | 0.36.0 | 2.15.x | Feb 02, 2024 |
 | 0.35.0 | 2.14.x | Dec 18, 2023 |
 | 0.34.0 | 2.13.x | Sep 08, 2023 |
diff --git a/RELEASE.md b/RELEASE.md
index 6fc625c63..959942866 100644
--- a/RELEASE.md
+++ b/RELEASE.md
@@ -1,3 +1,17 @@
+# Release 0.37.0
+
+## Major Features and Bug Fixes
+* Update to TensorFlow 2.16 support
+
+## Thanks to our Contributors
+
+This release contains contributions from many people:
+
+Yong Tang
+
+We are also grateful to all who filed issues or helped resolve them, asked and
+answered questions, and were part of inspiring discussions.
+
 # Release 0.36.0
 
 ## Major Features and Bug Fixes
diff --git a/WORKSPACE b/WORKSPACE
index f0cbd1c12..19c30f7e9 100644
--- a/WORKSPACE
+++ b/WORKSPACE
@@ -267,7 +267,7 @@ http_archive(
 http_archive(
     name = "bzip2",
     build_file = "//third_party:bzip2.BUILD",
-    sha256 = "329e4eb98f6af8d39da05cb51bccec88ae015eac99a42b1ee04dec0af7f4b957",
+    sha256 = "db106b740252669664fd8f3a1c69fe7f689d5cd4b132f82ba82b9afba27627df",
     strip_prefix = "bzip2-bzip2-1.0.8",
     urls = [
         "https://gitlab.com/bzip2/bzip2/-/archive/bzip2-1.0.8/bzip2-bzip2-1.0.8.tar.gz",