diff --git a/coil-base/api/coil-base.api b/coil-base/api/coil-base.api
index da8807691a..39c616c254 100644
--- a/coil-base/api/coil-base.api
+++ b/coil-base/api/coil-base.api
@@ -156,6 +156,7 @@ public abstract interface annotation class coil/annotation/ExperimentalCoilApi :
 public final class coil/decode/AssetMetadata : coil/decode/ImageSource$Metadata {
 	public fun <init> (Ljava/lang/String;)V
 	public final fun getFileName ()Ljava/lang/String;
+	public final fun getFilePath ()Ljava/lang/String;
 }
 
 public final class coil/decode/BitmapFactoryDecoder : coil/decode/Decoder {
diff --git a/coil-base/src/main/java/coil/decode/ImageSource.kt b/coil-base/src/main/java/coil/decode/ImageSource.kt
index 31b8b84269..f92de2904c 100644
--- a/coil-base/src/main/java/coil/decode/ImageSource.kt
+++ b/coil-base/src/main/java/coil/decode/ImageSource.kt
@@ -172,10 +172,17 @@ sealed class ImageSource : Closeable {
 }
 
 /**
- * Metadata containing the [fileName] of an Android asset.
+ * Metadata containing the [filePath] of an Android asset.
  */
 @ExperimentalCoilApi
-class AssetMetadata(val fileName: String) : ImageSource.Metadata()
+class AssetMetadata(val filePath: String) : ImageSource.Metadata() {
+
+    @Deprecated(
+        message = "Migrate to filePath as it supports assets inside subfolders.",
+        level = DeprecationLevel.ERROR
+    )
+    val fileName: String get() = filePath.substringAfter('/')
+}
 
 /**
  * Metadata containing the [uri] of a `content` URI.
diff --git a/coil-base/src/main/java/coil/fetch/AssetUriFetcher.kt b/coil-base/src/main/java/coil/fetch/AssetUriFetcher.kt
index e4f33d87d2..9c656e86b4 100644
--- a/coil-base/src/main/java/coil/fetch/AssetUriFetcher.kt
+++ b/coil-base/src/main/java/coil/fetch/AssetUriFetcher.kt
@@ -24,7 +24,7 @@ internal class AssetUriFetcher(
             source = ImageSource(
                 source = options.context.assets.open(path).source().buffer(),
                 context = options.context,
-                metadata = AssetMetadata(data.lastPathSegment!!)
+                metadata = AssetMetadata(path)
             ),
             mimeType = MimeTypeMap.getSingleton().getMimeTypeFromUrl(path),
             dataSource = DataSource.DISK
diff --git a/coil-gif/src/main/java/coil/decode/ImageDecoderDecoder.kt b/coil-gif/src/main/java/coil/decode/ImageDecoderDecoder.kt
index 6a43c67dc1..6062990486 100644
--- a/coil-gif/src/main/java/coil/decode/ImageDecoderDecoder.kt
+++ b/coil-gif/src/main/java/coil/decode/ImageDecoderDecoder.kt
@@ -108,7 +108,7 @@ class ImageDecoderDecoder @JvmOverloads constructor(
 
         val metadata = metadata
         if (metadata is AssetMetadata) {
-            return ImageDecoder.createSource(options.context.assets, metadata.fileName)
+            return ImageDecoder.createSource(options.context.assets, metadata.filePath)
         }
         if (metadata is ContentMetadata) {
             return ImageDecoder.createSource(options.context.contentResolver, metadata.uri)
diff --git a/coil-video/src/androidTest/assets/nested/video.mp4 b/coil-video/src/androidTest/assets/nested/video.mp4
new file mode 100644
index 0000000000..3ce062e77b
Binary files /dev/null and b/coil-video/src/androidTest/assets/nested/video.mp4 differ
diff --git a/coil-video/src/androidTest/java/coil/decode/VideoFrameDecoderTest.kt b/coil-video/src/androidTest/java/coil/decode/VideoFrameDecoderTest.kt
index e78e8551f4..464c54ae44 100644
--- a/coil-video/src/androidTest/java/coil/decode/VideoFrameDecoderTest.kt
+++ b/coil-video/src/androidTest/java/coil/decode/VideoFrameDecoderTest.kt
@@ -34,7 +34,7 @@ class VideoFrameDecoderTest {
 
     @Test
     fun noSetFrameTime() = runTest {
-        // MediaMetadataRetriever.getFrameAtTime does not work on the emulator pre-API 23.
+        // MediaMetadataRetriever does not work on the emulator pre-API 23.
         assumeTrue(SDK_INT >= 23)
 
         val result = VideoFrameDecoder(
@@ -55,7 +55,7 @@ class VideoFrameDecoderTest {
 
     @Test
     fun specificFrameTime() = runTest {
-        // MediaMetadataRetriever.getFrameAtTime does not work on the emulator pre-API 23.
+        // MediaMetadataRetriever does not work on the emulator pre-API 23.
         assumeTrue(SDK_INT >= 23)
 
         val result = VideoFrameDecoder(
@@ -81,7 +81,7 @@ class VideoFrameDecoderTest {
 
     @Test
     fun specificFramePercent() = runTest {
-        // MediaMetadataRetriever.getFrameAtTime does not work on the emulator pre-API 23.
+        // MediaMetadataRetriever does not work on the emulator pre-API 23.
         assumeTrue(SDK_INT >= 23)
 
         val result = VideoFrameDecoder(
@@ -107,7 +107,7 @@ class VideoFrameDecoderTest {
 
     @Test
     fun rotation() = runTest {
-        // MediaMetadataRetriever.getFrameAtTime does not work on the emulator pre-API 23.
+        // MediaMetadataRetriever does not work on the emulator pre-API 23.
         assumeTrue(SDK_INT >= 23)
 
         val result = VideoFrameDecoder(
@@ -125,4 +125,28 @@ class VideoFrameDecoderTest {
         val expected = context.decodeBitmapAsset("video_frame_rotated.jpg")
         actual.assertIsSimilarTo(expected, threshold = 0.97)
     }
+
+    /** Regression test: https://github.com/coil-kt/coil/issues/1482 */
+    @Test
+    fun nestedAsset() = runTest {
+        // MediaMetadataRetriever does not work on the emulator pre-API 23.
+        assumeTrue(SDK_INT >= 23)
+
+        val path = "nested/video.mp4"
+        val result = VideoFrameDecoder(
+            source = ImageSource(
+                source = context.assets.open(path).source().buffer(),
+                context = context,
+                metadata = AssetMetadata(path)
+            ),
+            options = Options(context)
+        ).decode()
+
+        val actual = (result.drawable as? BitmapDrawable)?.bitmap
+        assertNotNull(actual)
+        assertFalse(result.isSampled)
+
+        val expected = context.decodeBitmapAsset("video_frame_1.jpg")
+        actual.assertIsSimilarTo(expected)
+    }
 }
diff --git a/coil-video/src/main/java/coil/decode/VideoFrameDecoder.kt b/coil-video/src/main/java/coil/decode/VideoFrameDecoder.kt
index 619ca97cb4..f05293ed9e 100644
--- a/coil-video/src/main/java/coil/decode/VideoFrameDecoder.kt
+++ b/coil-video/src/main/java/coil/decode/VideoFrameDecoder.kt
@@ -182,7 +182,7 @@ class VideoFrameDecoder(
     private fun MediaMetadataRetriever.setDataSource(source: ImageSource) {
         when (val metadata = source.metadata) {
             is AssetMetadata -> {
-                options.context.assets.openFd(metadata.fileName).use {
+                options.context.assets.openFd(metadata.filePath).use {
                     setDataSource(it.fileDescriptor, it.startOffset, it.length)
                 }
             }