diff --git a/Cargo.lock b/Cargo.lock
index ea2c84de33a65..38f88eb2184e8 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -166,6 +166,12 @@ version = "0.6.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "349f9b6a179ed607305526ca489b34ad0a41aed5f7980fa90eb03160b69598fb"
 
+[[package]]
+name = "bit_field"
+version = "0.10.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "dcb6dd1c2376d2e096796e234a70e17e94cc2d5d54ff8ce42b28cef1d0d359a4"
+
 [[package]]
 name = "bitflags"
 version = "1.3.2"
@@ -988,16 +994,6 @@ dependencies = [
  "dasp_sample",
 ]
 
-[[package]]
-name = "deflate"
-version = "0.8.6"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "73770f8e1fe7d64df17ca66ad28994a0a623ea497fa69486e14984e715c5d174"
-dependencies = [
- "adler32",
- "byteorder",
-]
-
 [[package]]
 name = "deflate"
 version = "1.0.0"
@@ -1203,6 +1199,22 @@ dependencies = [
  "walkdir",
 ]
 
+[[package]]
+name = "exr"
+version = "1.4.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "14cc0e06fb5f67e5d6beadf3a382fec9baca1aa751c6d5368fdeee7e5932c215"
+dependencies = [
+ "bit_field",
+ "deflate",
+ "flume",
+ "half",
+ "inflate",
+ "lebe",
+ "smallvec",
+ "threadpool",
+]
+
 [[package]]
 name = "fastrand"
 version = "1.5.0"
@@ -1245,6 +1257,19 @@ dependencies = [
  "num-traits",
 ]
 
+[[package]]
+name = "flume"
+version = "0.10.14"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1657b4441c3403d9f7b3409e47575237dac27b1b5726df654a6ecbf92f0f7577"
+dependencies = [
+ "futures-core",
+ "futures-sink",
+ "nanorand",
+ "pin-project",
+ "spin",
+]
+
 [[package]]
 name = "fnv"
 version = "1.0.7"
@@ -1435,9 +1460,9 @@ dependencies = [
 
 [[package]]
 name = "getrandom"
-version = "0.2.4"
+version = "0.2.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "418d37c8b1d42553c93648be529cb70f920d3baf8ef469b74b9638df426e0b4c"
+checksum = "4eb1a864a501629691edf6c15a593b7a51eebaa1e8468e9ddc623de7c9b58ec6"
 dependencies = [
  "cfg-if 1.0.0",
  "js-sys",
@@ -1533,6 +1558,12 @@ dependencies = [
  "wide",
 ]
 
+[[package]]
+name = "half"
+version = "1.8.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "eabb4a44450da02c90444cf74558da904edde8fb4e9035a9a6a4e15445af0bd7"
+
 [[package]]
 name = "hashbrown"
 version = "0.11.2"
@@ -1602,19 +1633,19 @@ dependencies = [
 
 [[package]]
 name = "image"
-version = "0.23.14"
+version = "0.24.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "24ffcb7e7244a9bf19d35bf2883b9c080c4ced3c07a9895572178cdb8f13f6a1"
+checksum = "7e30ca2ecf7666107ff827a8e481de6a132a9b687ed3bb20bb1c144a36c00964"
 dependencies = [
  "bytemuck",
  "byteorder",
  "color_quant",
+ "exr",
  "gif",
- "jpeg-decoder 0.1.22",
- "num-iter",
+ "jpeg-decoder",
  "num-rational",
  "num-traits",
- "png 0.16.8",
+ "png",
  "scoped_threadpool",
  "tiff",
 ]
@@ -1642,6 +1673,15 @@ dependencies = [
  "regex",
 ]
 
+[[package]]
+name = "inflate"
+version = "0.4.5"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1cdb29978cc5797bd8dcc8e5bf7de604891df2a8dc576973d71a281e916db2ff"
+dependencies = [
+ "adler32",
+]
+
 [[package]]
 name = "inplace_it"
 version = "0.3.3"
@@ -1724,19 +1764,13 @@ dependencies = [
 
 [[package]]
 name = "jpeg-decoder"
-version = "0.1.22"
+version = "0.2.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "229d53d58899083193af11e15917b5640cd40b29ff475a1fe4ef725deb02d0f2"
+checksum = "9478aa10f73e7528198d75109c8be5cd7d15fb530238040148d5f9a22d4c5b3b"
 dependencies = [
  "rayon",
 ]
 
-[[package]]
-name = "jpeg-decoder"
-version = "0.2.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "105fb082d64e2100074587f59a74231f771750c664af903f1f9f76c9dedfc6f1"
-
 [[package]]
 name = "js-sys"
 version = "0.3.55"
@@ -1774,6 +1808,12 @@ version = "1.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "830d08ce1d1d941e6b30645f1a0eb5643013d835ce3779a5fc208261dbe10f55"
 
+[[package]]
+name = "lebe"
+version = "0.5.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7efd1d698db0759e6ef11a7cd44407407399a910c774dd804c64c032da7826ff"
+
 [[package]]
 name = "lexical-core"
 version = "0.7.6"
@@ -1789,9 +1829,9 @@ dependencies = [
 
 [[package]]
 name = "libc"
-version = "0.2.109"
+version = "0.2.126"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f98a04dce437184842841303488f70d0188c5f51437d2a834dc097eafa909a01"
+checksum = "349d5a591cd28b49e1d1037471617a32ddcda5731b99419008085f72d5a53836"
 
 [[package]]
 name = "libflate"
@@ -2018,15 +2058,6 @@ dependencies = [
  "cc",
 ]
 
-[[package]]
-name = "miniz_oxide"
-version = "0.3.7"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "791daaae1ed6889560f8c4359194f56648355540573244a5448a83ba1ecc7435"
-dependencies = [
- "adler32",
-]
-
 [[package]]
 name = "miniz_oxide"
 version = "0.4.4"
@@ -2087,6 +2118,15 @@ dependencies = [
  "thiserror",
 ]
 
+[[package]]
+name = "nanorand"
+version = "0.7.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6a51313c5820b0b02bd422f4b44776fbf47961755c74ce64afc73bfad10226c3"
+dependencies = [
+ "getrandom",
+]
+
 [[package]]
 name = "ndk"
 version = "0.4.0"
@@ -2339,22 +2379,11 @@ dependencies = [
  "num-traits",
 ]
 
-[[package]]
-name = "num-iter"
-version = "0.1.42"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b2021c8337a54d21aca0d59a92577a029af9431cb59b909b03252b9c164fad59"
-dependencies = [
- "autocfg",
- "num-integer",
- "num-traits",
-]
-
 [[package]]
 name = "num-rational"
-version = "0.3.2"
+version = "0.4.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "12ac428b1cb17fce6f731001d307d351ec70a6d202fc2e60f7d4c5e42d8f4f07"
+checksum = "0638a1c9d0a3c0914158145bc76cff373a75a627e6ecbfb71cbe6f453a5a19b0"
 dependencies = [
  "autocfg",
  "num-integer",
@@ -2600,18 +2629,6 @@ version = "0.3.22"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "12295df4f294471248581bc09bef3c38a5e46f1e36d6a37353621a0c6c357e1f"
 
-[[package]]
-name = "png"
-version = "0.16.8"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3c3287920cb847dee3de33d301c463fba14dda99db24214ddf93f83d3021f4c6"
-dependencies = [
- "bitflags",
- "crc32fast",
- "deflate 0.8.6",
- "miniz_oxide 0.3.7",
-]
-
 [[package]]
 name = "png"
 version = "0.17.3"
@@ -2620,7 +2637,7 @@ checksum = "8e8f1882177b17c98ec33a51f5910ecbf4db92ca0def706781a1f8d0c661f393"
 dependencies = [
  "bitflags",
  "crc32fast",
- "deflate 1.0.0",
+ "deflate",
  "miniz_oxide 0.5.1",
 ]
 
@@ -2911,7 +2928,7 @@ dependencies = [
  "h263-rs-yuv",
  "indexmap",
  "instant",
- "jpeg-decoder 0.2.2",
+ "jpeg-decoder",
  "json",
  "log",
  "lzma-rs",
@@ -2923,7 +2940,7 @@ dependencies = [
  "num-derive",
  "num-traits",
  "percent-encoding",
- "png 0.17.3",
+ "png",
  "quick-xml",
  "rand",
  "regress",
@@ -2973,11 +2990,11 @@ version = "0.1.0"
 dependencies = [
  "base64",
  "fnv",
- "jpeg-decoder 0.2.2",
+ "jpeg-decoder",
  "js-sys",
  "log",
  "percent-encoding",
- "png 0.17.3",
+ "png",
  "ruffle_core",
  "ruffle_web_common",
  "svg",
@@ -3291,6 +3308,15 @@ dependencies = [
  "winapi",
 ]
 
+[[package]]
+name = "spin"
+version = "0.9.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7f6002a767bff9e83f8eeecf883ecb8011875a21ae8da43bffb817a57e78cc09"
+dependencies = [
+ "lock_api",
+]
+
 [[package]]
 name = "spirv"
 version = "0.2.0+1.5.4"
@@ -3490,14 +3516,23 @@ dependencies = [
  "syn",
 ]
 
+[[package]]
+name = "threadpool"
+version = "1.8.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d050e60b33d41c19108b32cea32164033a9013fe3b46cbd4457559bfbf77afaa"
+dependencies = [
+ "num_cpus",
+]
+
 [[package]]
 name = "tiff"
-version = "0.6.1"
+version = "0.7.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9a53f4706d65497df0c4349241deddf35f84cee19c87ed86ea8ca590f4464437"
+checksum = "7259662e32d1e219321eb309d5f9d898b779769d81b76e762c07c8e5d38fcb65"
 dependencies = [
- "jpeg-decoder 0.1.22",
- "miniz_oxide 0.4.4",
+ "flate2",
+ "jpeg-decoder",
  "weezl",
 ]
 
@@ -3700,9 +3735,9 @@ dependencies = [
 
 [[package]]
 name = "wasi"
-version = "0.10.2+wasi-snapshot-preview1"
+version = "0.11.0+wasi-snapshot-preview1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fd6fbd9a79829dd1ad0cc20627bf1ed606756a7f77edff7b66b7064f9cb327c6"
+checksum = "9c8d87e72b64a3b4db28d11ce29237c246188f4f51057d65a7eab63b7987e423"
 
 [[package]]
 name = "wasm-bindgen"
diff --git a/exporter/Cargo.toml b/exporter/Cargo.toml
index fc357629d0a37..582c06bbce0f4 100644
--- a/exporter/Cargo.toml
+++ b/exporter/Cargo.toml
@@ -10,7 +10,7 @@ clap = { version = "3.0.14", features = ["derive"] }
 futures = "0.3"
 ruffle_core = { path = "../core" }
 ruffle_render_wgpu = { path = "../render/wgpu", features = ["clap"] }
-image = "0.23.14"
+image = "0.24.3"
 log = "0.4"
 walkdir = "2.3.2"
 indicatif = "0.16"
diff --git a/render/wgpu/Cargo.toml b/render/wgpu/Cargo.toml
index ecc5dbaabbcf3..61a809ecba098 100644
--- a/render/wgpu/Cargo.toml
+++ b/render/wgpu/Cargo.toml
@@ -19,7 +19,7 @@ enum-map = "2.0.1"
 version = "0.3.21"
 
 [target.'cfg(not(target_arch = "wasm32"))'.dependencies.image]
-version = "0.23.14"
+version = "0.24.3"
 default-features = false
 
 [target.'cfg(not(target_arch = "wasm32"))'.dependencies.wgpu]
diff --git a/tests/Cargo.toml b/tests/Cargo.toml
index b4828a576efc1..550196fe196ea 100644
--- a/tests/Cargo.toml
+++ b/tests/Cargo.toml
@@ -10,7 +10,7 @@ edition = "2021"
 futures = "0.3.21"
 ruffle_core = { path = "../core" }
 ruffle_render_wgpu = { path = "../render/wgpu" }
-image = "0.23.14"
+image = "0.24.3"
 
 [features]
 # Enable running image comparison tests. This is off by default,