diff --git a/openedx/core/djangoapps/content_libraries/api.py b/openedx/core/djangoapps/content_libraries/api.py
index fdfe2ff0efaf..6c7189a1ac79 100644
--- a/openedx/core/djangoapps/content_libraries/api.py
+++ b/openedx/core/djangoapps/content_libraries/api.py
@@ -58,6 +58,7 @@
 import logging
 import mimetypes
 
+
 import attr
 import requests
 
@@ -1176,26 +1177,11 @@ def add_library_block_static_asset_file(usage_key, file_path, file_content, user
 
     component = get_component_from_usage_key(usage_key)
 
-    media_type_str, _encoding = mimetypes.guess_type(file_path)
-    # We use "application/octet-stream" as a generic fallback media type, per
-    # RFC 2046: https://datatracker.ietf.org/doc/html/rfc2046
-    # TODO: This probably makes sense to push down to openedx-learning?
-    media_type_str = media_type_str or "application/octet-stream"
-
-    now = datetime.now(tz=timezone.utc)
-
     with transaction.atomic():
-        media_type = authoring_api.get_or_create_media_type(media_type_str)
-        content = authoring_api.get_or_create_file_content(
-            component.publishable_entity.learning_package.id,
-            media_type.id,
-            data=file_content,
-            created=now,
-        )
         component_version = authoring_api.create_next_component_version(
             component.pk,
-            content_to_replace={file_path: content.id},
-            created=now,
+            content_to_replace={file_path: file_content},
+            created=datetime.now(tz=timezone.utc),
             created_by=user.id if user else None,
         )
         transaction.on_commit(
@@ -1220,7 +1206,7 @@ def add_library_block_static_asset_file(usage_key, file_path, file_content, user
     return LibraryXBlockStaticFile(
         path=file_path,
         url=site_root_url + local_path,
-        size=content.size,
+        size=len(file_content),
     )
 
 
diff --git a/requirements/constraints.txt b/requirements/constraints.txt
index 1fe478a4b9ae..fd08f9063bba 100644
--- a/requirements/constraints.txt
+++ b/requirements/constraints.txt
@@ -146,7 +146,7 @@ optimizely-sdk<5.0
 # Date: 2023-09-18
 # pinning this version to avoid updates while the library is being developed
 # Issue for unpinning: https://github.com/openedx/edx-platform/issues/35269
-openedx-learning==0.16.1
+openedx-learning==0.16.3
 
 # Date: 2023-11-29
 # Open AI version 1.0.0 dropped support for openai.ChatCompletion which is currently in use in enterprise.
diff --git a/requirements/edx/base.txt b/requirements/edx/base.txt
index f1a7db4c80ed..4d42c4ae73d0 100644
--- a/requirements/edx/base.txt
+++ b/requirements/edx/base.txt
@@ -825,7 +825,7 @@ openedx-filters==1.11.0
     #   -r requirements/edx/kernel.in
     #   lti-consumer-xblock
     #   ora2
-openedx-learning==0.16.1
+openedx-learning==0.16.3
     # via
     #   -c requirements/edx/../constraints.txt
     #   -r requirements/edx/kernel.in
diff --git a/requirements/edx/development.txt b/requirements/edx/development.txt
index eec25125f84b..b583538f3d84 100644
--- a/requirements/edx/development.txt
+++ b/requirements/edx/development.txt
@@ -1376,7 +1376,7 @@ openedx-filters==1.11.0
     #   -r requirements/edx/testing.txt
     #   lti-consumer-xblock
     #   ora2
-openedx-learning==0.16.1
+openedx-learning==0.16.3
     # via
     #   -c requirements/edx/../constraints.txt
     #   -r requirements/edx/doc.txt
diff --git a/requirements/edx/doc.txt b/requirements/edx/doc.txt
index 62f435c49719..25198e64241e 100644
--- a/requirements/edx/doc.txt
+++ b/requirements/edx/doc.txt
@@ -986,7 +986,7 @@ openedx-filters==1.11.0
     #   -r requirements/edx/base.txt
     #   lti-consumer-xblock
     #   ora2
-openedx-learning==0.16.1
+openedx-learning==0.16.3
     # via
     #   -c requirements/edx/../constraints.txt
     #   -r requirements/edx/base.txt
diff --git a/requirements/edx/testing.txt b/requirements/edx/testing.txt
index 58f778af500e..18d4d558ebec 100644
--- a/requirements/edx/testing.txt
+++ b/requirements/edx/testing.txt
@@ -1037,7 +1037,7 @@ openedx-filters==1.11.0
     #   -r requirements/edx/base.txt
     #   lti-consumer-xblock
     #   ora2
-openedx-learning==0.16.1
+openedx-learning==0.16.3
     # via
     #   -c requirements/edx/../constraints.txt
     #   -r requirements/edx/base.txt