diff --git a/compose/const.py b/compose/const.py
index 374a09711..ffb68db01 100644
--- a/compose/const.py
+++ b/compose/const.py
@@ -52,7 +52,7 @@ API_VERSIONS = {
     COMPOSEFILE_V3_4: '1.30',
     COMPOSEFILE_V3_5: '1.30',
     COMPOSEFILE_V3_6: '1.36',
-    COMPOSEFILE_V3_7: '1.36',
+    COMPOSEFILE_V3_7: '1.38',
 }
 
 API_VERSION_TO_ENGINE_VERSION = {
diff --git a/script/release/release.py b/script/release/release.py
index d0545a7e6..476adc4c3 100755
--- a/script/release/release.py
+++ b/script/release/release.py
@@ -58,8 +58,11 @@ def create_bump_commit(repository, release_branch, bintray_user, bintray_org):
     repository.push_branch_to_remote(release_branch)
 
     bintray_api = BintrayAPI(os.environ['BINTRAY_TOKEN'], bintray_user)
-    print('Creating data repository {} on bintray'.format(release_branch.name))
-    bintray_api.create_repository(bintray_org, release_branch.name, 'generic')
+    if not bintray_api.repository_exists(bintray_org, release_branch.name):
+        print('Creating data repository {} on bintray'.format(release_branch.name))
+        bintray_api.create_repository(bintray_org, release_branch.name, 'generic')
+    else:
+        print('Bintray repository {} already exists. Skipping'.format(release_branch.name))
 
 
 def monitor_pr_status(pr_data):
diff --git a/script/release/release/bintray.py b/script/release/release/bintray.py
index b291a34ac..16bb4d514 100644
--- a/script/release/release/bintray.py
+++ b/script/release/release/bintray.py
@@ -29,6 +29,16 @@ class BintrayAPI(requests.Session):
         result.raise_for_status()
         return result
 
+    def repository_exists(self, subject, repo_name):
+        url = '{base}/repos/{subject}/{repo_name}'.format(
+            base=self.base_url, subject=subject, repo_name=repo_name,
+        )
+        result = self.get(url)
+        if result.status_code == 404:
+            return False
+        result.raise_for_status()
+        return True
+
     def delete_repository(self, subject, repo_name):
         url = '{base}repos/{subject}/{repo_name}'.format(
             base=self.base_url, subject=subject, repo_name=repo_name,