diff --git a/UI/data/locale/en-US.ini b/UI/data/locale/en-US.ini
index 14a7092bd..141774a1f 100644
--- a/UI/data/locale/en-US.ini
+++ b/UI/data/locale/en-US.ini
@@ -86,6 +86,8 @@ HideTransition="Hide Transition"
 None="None"
 StudioMode.Preview="Preview"
 StudioMode.Program="Program"
+StudioMode.PreviewSceneName="Preview: %1"
+StudioMode.ProgramSceneName="Program: %1"
 ShowInMultiview="Show in Multiview"
 VerticalLayout="Vertical Layout"
 Group="Group"
diff --git a/UI/forms/OBSBasic.ui b/UI/forms/OBSBasic.ui
index 9ddce5dcb..514d07aa3 100644
--- a/UI/forms/OBSBasic.ui
+++ b/UI/forms/OBSBasic.ui
@@ -42,13 +42,13 @@
      <number>0</number>
     </property>
     <property name="leftMargin">
-     <number>0</number>
+     <number>4</number>
     </property>
     <property name="topMargin">
      <number>0</number>
     </property>
     <property name="rightMargin">
-     <number>0</number>
+     <number>4</number>
     </property>
     <property name="bottomMargin">
      <number>0</number>
@@ -158,11 +158,20 @@
           </property>
           <item>
            <widget class="QLabel" name="previewLabel">
+            <property name="sizePolicy">
+             <sizepolicy hsizetype="Ignored" vsizetype="Preferred">
+              <horstretch>0</horstretch>
+              <verstretch>0</verstretch>
+             </sizepolicy>
+            </property>
             <property name="text">
-             <string>StudioMode.Preview</string>
+             <string>StudioMode.PreviewSceneName</string>
             </property>
             <property name="alignment">
-             <set>Qt::AlignBottom|Qt::AlignHCenter</set>
+             <set>Qt::AlignLeading|Qt::AlignLeft|Qt::AlignVCenter</set>
+            </property>
+            <property name="themeID" stdset="0">
+             <string>previewProgramLabels</string>
             </property>
            </widget>
           </item>
diff --git a/UI/window-basic-main-transitions.cpp b/UI/window-basic-main-transitions.cpp
index 1382e12d6..8a8d709fe 100644
--- a/UI/window-basic-main-transitions.cpp
+++ b/UI/window-basic-main-transitions.cpp
@@ -265,6 +265,7 @@ void OBSBasic::TransitionStopped()
 	}
 
 	EnableTransitionWidgets(true);
+	UpdatePreviewProgramIndicators();
 
 	if (api) {
 		api->on_event(OBS_FRONTEND_EVENT_TRANSITION_STOPPED);
@@ -699,6 +700,7 @@ void OBSBasic::SetCurrentScene(OBSSource scene, bool force)
 	}
 
 	UpdateContextBar(true);
+	UpdatePreviewProgramIndicators();
 
 	if (scene) {
 		bool userSwitched = (!force && !disableSaving);
@@ -1578,8 +1580,6 @@ void OBSBasic::SetPreviewProgramMode(bool enabled)
 	if (IsPreviewProgramMode() == enabled)
 		return;
 
-	ui->previewLabel->setHidden(!enabled);
-
 	ui->modeSwitch->setChecked(enabled);
 	os_atomic_set_bool(&previewProgramMode, enabled);
 
@@ -1618,10 +1618,10 @@ void OBSBasic::SetPreviewProgramMode(bool enabled)
 
 		RefreshQuickTransitions();
 
-		programLabel = new QLabel(QTStr("StudioMode.Program"), this);
-		programLabel->setSizePolicy(QSizePolicy::Preferred,
+		programLabel =
+			new QLabel(QTStr("StudioMode.ProgramSceneLabel"), this);
+		programLabel->setSizePolicy(QSizePolicy::Ignored,
 					    QSizePolicy::Preferred);
-		programLabel->setAlignment(Qt::AlignHCenter | Qt::AlignBottom);
 		programLabel->setProperty("themeID", "previewProgramLabels");
 
 		programWidget = new QWidget();
@@ -1633,11 +1633,6 @@ void OBSBasic::SetPreviewProgramMode(bool enabled)
 		programLayout->addWidget(programLabel);
 		programLayout->addWidget(program);
 
-		bool labels = config_get_bool(GetGlobalConfig(), "BasicWindow",
-					      "StudioModeLabels");
-
-		programLabel->setHidden(!labels);
-
 		programWidget->setLayout(programLayout);
 
 		ui->previewLayout->addWidget(programOptions);
@@ -1822,3 +1817,33 @@ int OBSBasic::GetOverrideTransitionDuration(OBSSource source)
 
 	return (int)obs_data_get_int(data, "transition_duration");
 }
+
+void OBSBasic::UpdatePreviewProgramIndicators()
+{
+	bool labels = previewProgramMode ? config_get_bool(GetGlobalConfig(),
+							   "BasicWindow",
+							   "StudioModeLabels")
+					 : false;
+
+	ui->previewLabel->setVisible(labels);
+
+	if (programLabel)
+		programLabel->setVisible(labels);
+
+	if (!labels)
+		return;
+
+	QString preview = QTStr("StudioMode.PreviewSceneName")
+				  .arg(QT_UTF8(obs_source_get_name(
+					  GetCurrentSceneSource())));
+
+	QString program =
+		QTStr("StudioMode.ProgramSceneName")
+			.arg(QT_UTF8(obs_source_get_name(GetProgramSource())));
+
+	if (ui->previewLabel->text() != preview)
+		ui->previewLabel->setText(preview);
+
+	if (programLabel && programLabel->text() != program)
+		programLabel->setText(program);
+}
diff --git a/UI/window-basic-main.cpp b/UI/window-basic-main.cpp
index bbc8fc575..a76479e33 100644
--- a/UI/window-basic-main.cpp
+++ b/UI/window-basic-main.cpp
@@ -455,17 +455,6 @@ OBSBasic::OBSBasic(QWidget *parent)
 	QPoint newPos = curPos + statsDockPos;
 	statsDock->move(newPos);
 
-	ui->previewLabel->setProperty("themeID", "previewProgramLabels");
-	ui->previewLabel->style()->polish(ui->previewLabel);
-
-	bool labels = config_get_bool(GetGlobalConfig(), "BasicWindow",
-				      "StudioModeLabels");
-
-	if (!previewProgramMode)
-		ui->previewLabel->setHidden(true);
-	else
-		ui->previewLabel->setHidden(!labels);
-
 	ui->previewDisabledWidget->setContextMenuPolicy(Qt::CustomContextMenu);
 	connect(ui->previewDisabledWidget,
 		SIGNAL(customContextMenuRequested(const QPoint &)), this,
@@ -2998,6 +2987,7 @@ void OBSBasic::RenameSources(OBSSource source, QString newName,
 		OBSProjector::UpdateMultiviewProjectors();
 
 	UpdateContextBar();
+	UpdatePreviewProgramIndicators();
 }
 
 void OBSBasic::ClearContextBar()
@@ -4317,11 +4307,7 @@ void OBSBasic::ResetUI()
 	else
 		ui->previewLayout->setDirection(QBoxLayout::LeftToRight);
 
-	if (previewProgramMode)
-		ui->previewLabel->setHidden(!labels);
-
-	if (programLabel)
-		programLabel->setHidden(!labels);
+	UpdatePreviewProgramIndicators();
 }
 
 int OBSBasic::ResetVideo()
diff --git a/UI/window-basic-main.hpp b/UI/window-basic-main.hpp
index feef6a65f..c342dcd4a 100644
--- a/UI/window-basic-main.hpp
+++ b/UI/window-basic-main.hpp
@@ -534,6 +534,8 @@ private:
 	void ReceivedIntroJson(const QString &text);
 	void ShowWhatsNew(const QString &url);
 
+	void UpdatePreviewProgramIndicators();
+
 #ifdef BROWSER_AVAILABLE
 	QList<QSharedPointer<QDockWidget>> extraBrowserDocks;
 	QList<QSharedPointer<QAction>> extraBrowserDockActions;