diff --git a/source/blender/editors/space_sequencer/sequencer_draw.c b/source/blender/editors/space_sequencer/sequencer_draw.c
index 1ec6d9dc4a7..3e744a55183 100644
--- a/source/blender/editors/space_sequencer/sequencer_draw.c
+++ b/source/blender/editors/space_sequencer/sequencer_draw.c
@@ -1603,32 +1603,32 @@ static void draw_seq_strip_thumbnail(View2D *v2d,
     /* Get the image. */
     ImBuf *ibuf = SEQ_get_thumbnail(&context, seq, roundf(thumb_x_start), &crop, clipped);
 
-    if (ibuf) {
-      /* Transparency on overlap. */
-      if (seq->flag & SEQ_OVERLAP) {
-        GPU_blend(GPU_BLEND_ALPHA);
-        unsigned char *buf = (unsigned char *)ibuf->rect;
-        for (int pixel = ibuf->x * ibuf->y; pixel--; buf += 4) {
-          buf[3] = OVERLAP_ALPHA;
-        }
-      }
-
-      ED_draw_imbuf_ctx_clipping(C,
-                                 ibuf,
-                                 thumb_x_start + cut_off,
-                                 y1,
-                                 true,
-                                 thumb_x_start + cut_off,
-                                 y1,
-                                 thumb_x_end,
-                                 thumb_y_end,
-                                 zoom_x,
-                                 zoom_y);
-      IMB_freeImBuf(ibuf);
-    }
-    else {
+    if (!ibuf) {
       sequencer_thumbnail_start_job_if_necessary(C, scene->ed, v2d, true);
+      break;
     }
+
+    /* Transparency on overlap. */
+    if (seq->flag & SEQ_OVERLAP) {
+      GPU_blend(GPU_BLEND_ALPHA);
+      unsigned char *buf = (unsigned char *)ibuf->rect;
+      for (int pixel = ibuf->x * ibuf->y; pixel--; buf += 4) {
+        buf[3] = OVERLAP_ALPHA;
+      }
+    }
+
+    ED_draw_imbuf_ctx_clipping(C,
+                               ibuf,
+                               thumb_x_start + cut_off,
+                               y1,
+                               true,
+                               thumb_x_start + cut_off,
+                               y1,
+                               thumb_x_end,
+                               thumb_y_end,
+                               zoom_x,
+                               zoom_y);
+    IMB_freeImBuf(ibuf);
     GPU_blend(GPU_BLEND_NONE);
     cut_off = 0;
     thumb_x_start = thumb_x_end;