diff --git a/ui/component/viewers/videoViewer/internal/videojs-keyboard-shortcuts.jsx b/ui/component/viewers/videoViewer/internal/videojs-shortcuts.jsx
similarity index 71%
rename from ui/component/viewers/videoViewer/internal/videojs-keyboard-shortcuts.jsx
rename to ui/component/viewers/videoViewer/internal/videojs-shortcuts.jsx
index 0791f2883..3e613e118 100644
--- a/ui/component/viewers/videoViewer/internal/videojs-keyboard-shortcuts.jsx
+++ b/ui/component/viewers/videoViewer/internal/videojs-shortcuts.jsx
@@ -6,6 +6,8 @@ import isUserTyping from 'util/detect-typing';
 
 const SEEK_STEP_5 = 5;
 const SEEK_STEP = 10; // time to seek in seconds
+const VOLUME_CHANGE_ON_SCROLL = 0.05;
+const PRECISE_VOLUME_CHANGE_ON_SCROLL = 0.01;
 
 // check if active (clicked) element is part of video div, used for keyboard shortcuts (volume etc)
 function activeElementIsPartOfVideoElement() {
@@ -14,24 +16,24 @@ function activeElementIsPartOfVideoElement() {
   return videoElementParent.contains(activeElement);
 }
 
-function volumeUp(event, playerRef) {
+function volumeUp(event, playerRef, checkIsActive = true, amount = 0.05) {
   // dont run if video element is not active element (otherwise runs when scrolling using keypad)
   const videoElementIsActive = activeElementIsPartOfVideoElement();
   const player = playerRef.current;
-  if (!player || !videoElementIsActive) return;
+  if (!player || (checkIsActive && !videoElementIsActive)) return;
   event.preventDefault();
-  player.volume(player.volume() + 0.05);
+  player.volume(player.volume() + amount);
   OVERLAY.showVolumeverlay(player, Math.round(player.volume() * 100));
   player.userActive(true);
 }
 
-function volumeDown(event, playerRef) {
+function volumeDown(event, playerRef, checkIsActive = true, amount = 0.05) {
   // dont run if video element is not active element (otherwise runs when scrolling using keypad)
   const videoElementIsActive = activeElementIsPartOfVideoElement();
   const player = playerRef.current;
-  if (!player || !videoElementIsActive) return;
+  if (!player || (checkIsActive && !videoElementIsActive)) return;
   event.preventDefault();
-  player.volume(player.volume() - 0.05);
+  player.volume(player.volume() - amount);
   OVERLAY.showVolumeverlay(player, Math.round(player.volume() * 100));
   player.userActive(true);
 }
@@ -94,7 +96,7 @@ function changePlaybackSpeed(shouldSpeedUp: boolean, playerRef) {
   }
 }
 
-const VideoJsKeyboardShorcuts = ({
+const VideoJsShorcuts = ({
   playNext,
   playPrevious,
   toggleVideoTheaterMode,
@@ -163,15 +165,65 @@ const VideoJsKeyboardShorcuts = ({
     if (e.keyCode === KEYCODES.NINE) seekVideo(90 / 100, playerRef, containerRef, true);
   }
 
-  var curried_function = function (playerRef: any, containerRef: any) {
+  const handleVideoScrollWheel = (event, playerRef, containerRef) => {
+    // Handle precise volume control when scrolling over the video player while holding down the "SHIFT"-key
+    const player = playerRef.current;
+    const videoNode = containerRef.current && containerRef.current.querySelector('video');
+
+    if (!videoNode || !player || isUserTyping() || !event.shiftKey) return;
+
+    event.preventDefault();
+
+    const delta = event.deltaY;
+
+    if (delta > 0) {
+      volumeDown(event, playerRef, false, PRECISE_VOLUME_CHANGE_ON_SCROLL);
+    } else if (delta < 0) {
+      volumeUp(event, playerRef, false, PRECISE_VOLUME_CHANGE_ON_SCROLL);
+    }
+  };
+
+  const handleVolumeBarScrollWheel = (event, volumeElement, playerRef, containerRef) => {
+    // Handle generic and precise volume control when scrolling over the volume bar
+    const player = playerRef.current;
+    const videoNode = containerRef.current && containerRef.current.querySelector('video');
+
+    if (!volumeElement || !player || !videoNode || isUserTyping()) return;
+
+    event.preventDefault();
+    event.stopImmediatePropagation();
+
+    const delta = event.deltaY;
+    const changeAmount = event.shiftKey ? PRECISE_VOLUME_CHANGE_ON_SCROLL : VOLUME_CHANGE_ON_SCROLL;
+
+    if (delta > 0) {
+      volumeDown(event, playerRef, false, changeAmount);
+    } else if (delta < 0) {
+      volumeUp(event, playerRef, false, changeAmount);
+    }
+  };
+
+  const createKeyDownShortcutsHandler = function (playerRef: any, containerRef: any) {
     return function curried_func(e: any) {
       handleKeyDown(e, playerRef, containerRef);
     };
   };
+  const createVideoScrollShortcutsHandler = function (playerRef: any, containerRef: any) {
+    return function curried_func(e: any) {
+      handleVideoScrollWheel(e, playerRef, containerRef);
+    };
+  };
+  const createVolumePanelScrollShortcutsHandler = function (volumeElement: any, playerRef: any, containerRef: any) {
+    return function curried_func(e: any) {
+      handleVolumeBarScrollWheel(e, volumeElement, playerRef, containerRef);
+    };
+  };
 
   return {
-    curried_function,
+    createKeyDownShortcutsHandler,
+    createVideoScrollShortcutsHandler,
+    createVolumePanelScrollShortcutsHandler,
   };
 };
 
-export default VideoJsKeyboardShorcuts;
+export default VideoJsShorcuts;
diff --git a/ui/component/viewers/videoViewer/internal/videojs.jsx b/ui/component/viewers/videoViewer/internal/videojs.jsx
index 49926b6fa..a3df0f560 100644
--- a/ui/component/viewers/videoViewer/internal/videojs.jsx
+++ b/ui/component/viewers/videoViewer/internal/videojs.jsx
@@ -15,7 +15,7 @@ import events from './videojs-events';
 import eventTracking from 'videojs-event-tracking';
 import functions from './videojs-functions';
 import hlsQualitySelector from './plugins/videojs-hls-quality-selector/plugin';
-import keyboardShorcuts from './videojs-keyboard-shortcuts';
+import keyboardShorcuts from './videojs-shortcuts';
 import LbryVolumeBarClass from './lbry-volume-bar';
 import Chromecast from './chromecast';
 import playerjs from 'player.js';
@@ -103,6 +103,8 @@ type Props = {
   activeLivestreamForChannel: any,
   doToast: ({ message: string, linkText: string, linkTarget: string }) => void,
 };
+const VIDEOJS_CONTROL_BAR_CLASS = 'ControlBar';
+const VIDEOJS_VOLUME_PANEL_CLASS = 'VolumePanel';
 
 const IS_IOS = platform.isIOS();
 const IS_MOBILE = platform.isMobile();
@@ -176,13 +178,22 @@ export default React.memo<Props>(function VideoJs(props: Props) {
   const tapToUnmuteRef = useRef();
   const tapToRetryRef = useRef();
   const playerServerRef = useRef();
+  const volumePanelRef = useRef();
+
+  const keyDownHandlerRef = useRef();
+  const videoScrollHandlerRef = useRef();
+  const volumePanelScrollHandlerRef = useRef();
 
   const { url: livestreamVideoUrl } = activeLivestreamForChannel || {};
   const overrideNativeVhs = !platform.isIPhone();
   const showQualitySelector = (!isLivestreamClaim && overrideNativeVhs) || livestreamVideoUrl;
 
   // initiate keyboard shortcuts
-  const { curried_function } = keyboardShorcuts({
+  const {
+    createKeyDownShortcutsHandler,
+    createVideoScrollShortcutsHandler,
+    createVolumePanelScrollShortcutsHandler,
+  } = keyboardShorcuts({
     isMobile,
     isLivestreamClaim,
     toggleVideoTheaterMode,
@@ -370,7 +381,23 @@ export default React.memo<Props>(function VideoJs(props: Props) {
       // Set reference in component state
       playerRef.current = vjsPlayer;
 
-      window.addEventListener('keydown', curried_function(playerRef, containerRef));
+      // volume control div, used for changing volume when scrolled over
+      volumePanelRef.current = playerRef.current
+        .getChild(VIDEOJS_CONTROL_BAR_CLASS)
+        .getChild(VIDEOJS_VOLUME_PANEL_CLASS)
+        .el();
+
+      const keyDownHandler = createKeyDownShortcutsHandler(playerRef, containerRef);
+      const videoScrollHandler = createVideoScrollShortcutsHandler(playerRef, containerRef);
+      const volumePanelHandler = createVolumePanelScrollShortcutsHandler(volumePanelRef, playerRef, containerRef);
+      window.addEventListener('keydown', keyDownHandler);
+      const containerDiv = containerRef.current;
+      containerDiv && containerDiv.addEventListener('wheel', videoScrollHandler);
+      if (volumePanelRef.current) volumePanelRef.current.addEventListener('wheel', volumePanelHandler);
+
+      keyDownHandlerRef.current = keyDownHandler;
+      videoScrollHandlerRef.current = videoScrollHandler;
+      volumePanelScrollHandlerRef.current = volumePanelHandler;
 
       const controlBar = document.querySelector('.vjs-control-bar');
       if (controlBar) {
@@ -441,7 +468,14 @@ export default React.memo<Props>(function VideoJs(props: Props) {
 
     // Cleanup
     return () => {
-      window.removeEventListener('keydown', curried_function);
+      window.removeEventListener('keydown', keyDownHandlerRef.current);
+      const containerDiv = containerRef.current;
+      // $FlowFixMe
+      containerDiv && containerDiv.removeEventListener('wheel', videoScrollHandlerRef.current);
+
+      if (volumePanelRef.current) {
+        volumePanelRef.current.removeEventListener('wheel', volumePanelScrollHandlerRef.current);
+      }
 
       const player = playerRef.current;
       if (player) {