diff --git a/scripts/startup/bl_ui/space_sequencer.py b/scripts/startup/bl_ui/space_sequencer.py
index f32282a87e5..cf35abcfe78 100644
--- a/scripts/startup/bl_ui/space_sequencer.py
+++ b/scripts/startup/bl_ui/space_sequencer.py
@@ -2256,6 +2256,7 @@ class SEQUENCER_PT_adjust_color(SequencerButtonsPanel, Panel):
         col = layout.column()
         col.prop(strip, "color_saturation", text="Saturation")
         col.prop(strip, "color_multiply", text="Multiply")
+        col.prop(strip, "multiply_alpha")
         col.prop(strip, "use_float", text="Convert to Float")
 
 
diff --git a/source/blender/makesdna/DNA_sequence_types.h b/source/blender/makesdna/DNA_sequence_types.h
index c4450974b9a..223890e1ca9 100644
--- a/source/blender/makesdna/DNA_sequence_types.h
+++ b/source/blender/makesdna/DNA_sequence_types.h
@@ -613,7 +613,7 @@ enum {
   SEQ_AUTO_PLAYBACK_RATE = (1 << 17),
   SEQ_SINGLE_FRAME_CONTENT = (1 << 18),
   SEQ_SHOW_RETIMING = (1 << 19),
-  SEQ_FLAG_UNUSED_21 = (1 << 21), /* cleared */
+  SEQ_MULTIPLY_ALPHA = (1 << 21),
 
   SEQ_USE_EFFECT_DEFAULT_FADE = (1 << 22),
   SEQ_USE_LINEAR_MODIFIERS = (1 << 23),
diff --git a/source/blender/makesrna/intern/rna_sequencer.cc b/source/blender/makesrna/intern/rna_sequencer.cc
index f24f5a8aa4a..7f2bca241a5 100644
--- a/source/blender/makesrna/intern/rna_sequencer.cc
+++ b/source/blender/makesrna/intern/rna_sequencer.cc
@@ -2625,6 +2625,11 @@ static void rna_def_filter_video(StructRNA *srna)
   RNA_def_property_update(
       prop, NC_SCENE | ND_SEQUENCER, "rna_Sequence_invalidate_preprocessed_update");
 
+  prop = RNA_def_property(srna, "multiply_alpha", PROP_BOOLEAN, PROP_NONE);
+  RNA_def_property_boolean_sdna(prop, nullptr, "flag", SEQ_MULTIPLY_ALPHA);
+  RNA_def_property_ui_text(prop, "Multiply Alpha", "Multiply alpha along with color channels");
+  RNA_def_property_update(prop, NC_SCENE | ND_SEQUENCER, "rna_Sequence_invalidate_raw_update");
+
   prop = RNA_def_property(srna, "color_saturation", PROP_FLOAT, PROP_UNSIGNED);
   RNA_def_property_float_sdna(prop, nullptr, "sat");
   RNA_def_property_range(prop, 0.0f, 20.0f);
diff --git a/source/blender/sequencer/intern/render.cc b/source/blender/sequencer/intern/render.cc
index 033a0d4922a..434cb75fb20 100644
--- a/source/blender/sequencer/intern/render.cc
+++ b/source/blender/sequencer/intern/render.cc
@@ -571,7 +571,7 @@ static void sequencer_preprocess_transform_crop(
   }
 }
 
-static void multibuf(ImBuf *ibuf, const float fmul)
+static void multibuf(ImBuf *ibuf, const float fmul, const bool multiply_alpha)
 {
   uchar *rt;
   float *rt_float;
@@ -588,6 +588,9 @@ static void multibuf(ImBuf *ibuf, const float fmul)
       rt[0] = min_ii((imul * rt[0]) >> 8, 255);
       rt[1] = min_ii((imul * rt[1]) >> 8, 255);
       rt[2] = min_ii((imul * rt[2]) >> 8, 255);
+      if (multiply_alpha) {
+        rt[3] = min_ii((imul * rt[3]) >> 8, 255);
+      }
 
       rt += 4;
     }
@@ -598,6 +601,9 @@ static void multibuf(ImBuf *ibuf, const float fmul)
       rt_float[0] *= fmul;
       rt_float[1] *= fmul;
       rt_float[2] *= fmul;
+      if (multiply_alpha) {
+        rt_float[3] *= fmul;
+      }
 
       rt_float += 4;
     }
@@ -669,7 +675,8 @@ static ImBuf *input_preprocess(const SeqRenderData *context,
   }
 
   if (mul != 1.0f) {
-    multibuf(preprocessed_ibuf, mul);
+    const bool multiply_alpha = (seq->flag & SEQ_MULTIPLY_ALPHA);
+    multibuf(preprocessed_ibuf, mul, multiply_alpha);
   }
 
   if (seq->modifiers.first) {