diff --git a/libobs/CMakeLists.txt b/libobs/CMakeLists.txt
index 585feae2a..ed0c8feb2 100644
--- a/libobs/CMakeLists.txt
+++ b/libobs/CMakeLists.txt
@@ -16,9 +16,35 @@ find_package(Libavformat REQUIRED)
 include_directories(${LIBAVFORMAT_INCLUDE_DIRS})
 add_definitions(${LIBAVFORMAT_DEFINITIONS})
 
-find_package(Libavcodec REQUIRED)
-include_directories(${LIBAVCODEC_INCLUDE_DIRS})
-add_definitions(${LIBAVCODEC_DEFINITIONS})
+find_package(Libavcodec QUIET)
+find_package(ImageMagick QUIET COMPONENTS MagickCore)
+
+if(NOT ImageMagick_MagickCore_FOUND AND NOT LIBAVCODEC_FOUND)
+	message(FATAL_ERROR "Either MagickCore or Libavcodec is required, but both were not found")
+endif()
+
+option(LIBOBS_PREFER_IMAGEMAGICK "Prefer ImageMagick over ffmpeg for image loading" ON)
+
+if(NOT LIBAVCODEC_FOUND OR (ImageMagick_MagickCore_FOUND AND LIBOBS_PREFER_IMAGEMAGICK))
+	message(STATUS "Using ImageMagick for image loading in libobs")
+
+	set(libobs_image_loading_SOURCES
+		graphics/graphics-magick.c)
+	set(libobs_image_loading_LIBRARIES
+		${ImageMagick_LIBRARIES})
+
+	include_directories(
+		${ImageMagick_INCLUDE_DIRS})
+else()
+	message(STATUS "Using libavcodec for image loading in libobs")
+
+	set(libobs_image_loading_SOURCES
+		graphics/graphics-ffmpeg.c)
+	set(libobs_image_loading_LIBRARIES
+		${LIBAVCODEC_LIBRARIES})
+
+	include_directories(${LIBAVCODEC_INCLUDE_DIRS})
+endif()
 
 add_definitions(-DLIBOBS_EXPORTS)
 
@@ -81,6 +107,7 @@ set(libobs_callback_HEADERS
 	callback/signal.h)
 
 set(libobs_graphics_SOURCES
+	${libobs_image_loading_SOURCES}
 	graphics/quat.c
 	graphics/effect-parser.c
 	graphics/axisang.c
@@ -92,7 +119,6 @@ set(libobs_graphics_SOURCES
 	graphics/matrix4.c
 	graphics/vec3.c
 	graphics/graphics.c
-	graphics/graphics-ffmpeg.c
 	graphics/shader-parser.c
 	graphics/plane.c
 	graphics/effect.c
@@ -197,7 +223,8 @@ set(libobs_libobs_HEADERS
 	obs-module.h
 	obs-scene.h
 	obs-source.h
-	obs-output.h)
+	obs-output.h
+	obs-ffmpeg-compat.h)
 
 set(libobs_SOURCES
 	${libobs_callback_SOURCES}
@@ -240,11 +267,11 @@ target_link_libraries(libobs
 	PRIVATE
 		jansson
 		${libobs_PLATFORM_DEPS}
+		${libobs_image_loading_LIBRARIES}
 		${LIBSWSCALE_LIBRARIES}
 		${LIBSWRESAMPLE_LIBRARIES}
 		${LIBAVFORMAT_LIBRARIES}
-		${LIBAVUTIL_LIBRARIES}
-		${LIBAVCODEC_LIBRARIES})
+		${LIBAVUTIL_LIBRARIES})
 
 install_obs_core(libobs EXPORT LibObs)
 install_obs_data(libobs ../build/data/libobs libobs)
diff --git a/libobs/graphics/graphics-ffmpeg.c b/libobs/graphics/graphics-ffmpeg.c
index 8de821371..4e3c2bb36 100644
--- a/libobs/graphics/graphics-ffmpeg.c
+++ b/libobs/graphics/graphics-ffmpeg.c
@@ -4,6 +4,8 @@
 #include <libavformat/avformat.h>
 #include <libswscale/swscale.h>
 
+#include "../obs-ffmpeg-compat.h"
+
 struct ffmpeg_image {
 	const char         *file;
 	AVFormatContext    *fmt_ctx;
@@ -121,7 +123,7 @@ static bool ffmpeg_image_decode(struct ffmpeg_image *info, uint8_t *out,
 {
 	AVPacket          packet    = {0};
 	bool              success   = false;
-	AVFrame           *frame    = avcodec_alloc_frame();
+	AVFrame           *frame    = av_frame_alloc();
 	int               got_frame = 0;
 	int               ret;
 
@@ -152,7 +154,7 @@ static bool ffmpeg_image_decode(struct ffmpeg_image *info, uint8_t *out,
 
 fail:
 	av_free_packet(&packet);
-	avcodec_free_frame(&frame);
+	av_frame_free(&frame);
 	return success;
 }
 
diff --git a/libobs/graphics/graphics-magick.c b/libobs/graphics/graphics-magick.c
index e32cd2e6d..e6d80f2e6 100644
--- a/libobs/graphics/graphics-magick.c
+++ b/libobs/graphics/graphics-magick.c
@@ -30,7 +30,7 @@ texture_t gs_create_texture_from_file(const char *file)
 				data, exception);
 		if (exception->severity == UndefinedException)
 			tex = gs_create_texture(cx, cy, GS_BGRA, 1,
-					(const uint8**)&data, 0);
+					(const uint8_t**)&data, 0);
 		else
 			blog(LOG_WARNING, "magickcore warning/error getting "
 			                  "pixels from file '%s': %s", file,
diff --git a/libobs/obs-ffmpeg-compat.h b/libobs/obs-ffmpeg-compat.h
new file mode 100644
index 000000000..922891781
--- /dev/null
+++ b/libobs/obs-ffmpeg-compat.h
@@ -0,0 +1,22 @@
+#pragma once
+
+#include <libavcodec/avcodec.h>
+
+/* LIBAVCODEC_VERSION_CHECK checks for the right version of libav and FFmpeg
+ * a is the major version
+ * b and c the minor and micro versions of libav
+ * d and e the minor and micro versions of FFmpeg */
+#define LIBAVCODEC_VERSION_CHECK( a, b, c, d, e ) \
+    ( (LIBAVCODEC_VERSION_MICRO <  100 && LIBAVCODEC_VERSION_INT >= AV_VERSION_INT( a, b, c ) ) || \
+      (LIBAVCODEC_VERSION_MICRO >= 100 && LIBAVCODEC_VERSION_INT >= AV_VERSION_INT( a, d, e ) ) )
+
+#if !LIBAVCODEC_VERSION_CHECK(54, 28, 0, 59, 100)
+# define avcodec_free_frame av_freep
+#endif
+
+#if LIBAVCODEC_VERSION_INT < 0x371c01
+# define av_frame_alloc avcodec_alloc_frame
+# define av_frame_unref avcodec_get_frame_defaults
+# define av_frame_free avcodec_free_frame
+#endif
+
diff --git a/plugins/obs-ffmpeg/CMakeLists.txt b/plugins/obs-ffmpeg/CMakeLists.txt
index 9251be942..275c54965 100644
--- a/plugins/obs-ffmpeg/CMakeLists.txt
+++ b/plugins/obs-ffmpeg/CMakeLists.txt
@@ -26,7 +26,8 @@ include_directories(${LIBSWRESAMPLE_INCLUDE_DIRS})
 add_definitions(${LIBSWRESAMPLE_DEFINITIONS})
 
 set(obs-ffmpeg_HEADERS
-	obs-ffmpeg-formats.h)
+	obs-ffmpeg-formats.h
+	obs-ffmpeg-compat.h)
 set(obs-ffmpeg_SOURCES
 	obs-ffmpeg.c
 	obs-ffmpeg-aac.c