diff --git a/cms/djangoapps/contentstore/views/tests/test_videos.py b/cms/djangoapps/contentstore/views/tests/test_videos.py
index a072d3baaa..94136bf3bf 100644
--- a/cms/djangoapps/contentstore/views/tests/test_videos.py
+++ b/cms/djangoapps/contentstore/views/tests/test_videos.py
@@ -236,7 +236,8 @@ class VideosHandlerTestCase(VideoUploadTestMixin, CourseTestCase):
                     'duration',
                     'status',
                     'course_video_image_url',
-                    'transcripts'
+                    'transcripts',
+                    'transcription_status'
                 ])
             )
             dateutil.parser.parse(response_video['created'])
@@ -249,8 +250,10 @@ class VideosHandlerTestCase(VideoUploadTestMixin, CourseTestCase):
 
     @ddt.data(
         (
-            ['edx_video_id', 'client_video_id', 'created', 'duration', 'status', 'course_video_image_url',
-                'transcripts'],
+            [
+                'edx_video_id', 'client_video_id', 'created', 'duration',
+                'status', 'course_video_image_url', 'transcripts', 'transcription_status',
+            ],
             [
                 {
                     'video_id': 'test1',
@@ -263,8 +266,10 @@ class VideosHandlerTestCase(VideoUploadTestMixin, CourseTestCase):
             ['en']
         ),
         (
-            ['edx_video_id', 'client_video_id', 'created', 'duration', 'status', 'course_video_image_url',
-                'transcripts'],
+            [
+                'edx_video_id', 'client_video_id', 'created', 'duration',
+                'status', 'course_video_image_url', 'transcripts', 'transcription_status',
+            ],
             [
                 {
                     'video_id': 'test1',
@@ -583,9 +588,20 @@ class VideosHandlerTestCase(VideoUploadTestMixin, CourseTestCase):
         status = convert_video_status(video)
         self.assertEqual(status, StatusDisplayStrings.get('youtube_duplicate'))
 
+        # `transcript_ready` should be converted to `file_complete`
+        video['status'] = 'transcript_ready'
+        status = convert_video_status(video)
+        self.assertEqual(status, StatusDisplayStrings.get('file_complete'))
+
+        # The encode status should be converted to `file_complete` if video encodes are complete
+        video['status'] = 'transcription_in_progress'
+        status = convert_video_status(video, is_video_encodes_ready=True)
+        self.assertEqual(status, StatusDisplayStrings.get('file_complete'))
+
         # for all other status, there should not be any conversion
         statuses = StatusDisplayStrings._STATUS_MAP.keys()  # pylint: disable=protected-access
         statuses.remove('invalid_token')
+        statuses.remove('transcript_ready')
         for status in statuses:
             video['status'] = status
             new_status = convert_video_status(video)
@@ -635,6 +651,39 @@ class VideosHandlerTestCase(VideoUploadTestMixin, CourseTestCase):
 
         self.assert_video_status(url, edx_video_id, 'Failed')
 
+    @ddt.data(
+        ('test_video_token', "Transcription in Progress"),
+        ('', "Ready"),
+    )
+    @ddt.unpack
+    def test_video_transcript_status_conversion(self, course_video_upload_token, expected_video_status_text):
+        """
+        Verifies that video status `transcription_in_progress` gets converted
+        correctly into the `file_complete` for the new video workflow and
+        stays as it is, for the old video workflow.
+        """
+        self.course.video_upload_pipeline = {
+            'course_video_upload_token': course_video_upload_token
+        }
+        self.save_course()
+
+        url = self.get_url_for_course_key(self.course.id)
+        edx_video_id = 'test1'
+        self.assert_video_status(url, edx_video_id, 'Uploading')
+
+        response = self.client.post(
+            url,
+            json.dumps([{
+                'edxVideoId': edx_video_id,
+                'status': 'transcription_in_progress',
+                'message': 'Transcription is in progress'
+            }]),
+            content_type="application/json"
+        )
+        self.assertEqual(response.status_code, 204)
+
+        self.assert_video_status(url, edx_video_id, expected_video_status_text)
+
     @ddt.data(True, False)
     @patch('openedx.core.djangoapps.video_config.models.VideoTranscriptEnabledFlag.feature_enabled')
     def test_video_index_transcript_feature_enablement(self, is_video_transcript_enabled, video_transcript_feature):
diff --git a/cms/djangoapps/contentstore/views/videos.py b/cms/djangoapps/contentstore/views/videos.py
index 36df3f74cb..76d1805f2d 100644
--- a/cms/djangoapps/contentstore/views/videos.py
+++ b/cms/djangoapps/contentstore/views/videos.py
@@ -499,7 +499,7 @@ def _get_and_validate_course(course_key_string, user):
         return None
 
 
-def convert_video_status(video):
+def convert_video_status(video, is_video_encodes_ready=False):
     """
     Convert status of a video. Status can be converted to one of the following:
 
@@ -524,6 +524,8 @@ def convert_video_status(video):
         ])
     elif video['status'] == 'invalid_token':
         status = StatusDisplayStrings.get('youtube_duplicate')
+    elif is_video_encodes_ready or video['status'] == 'transcript_ready':
+        status = StatusDisplayStrings.get('file_complete')
     else:
         status = StatusDisplayStrings.get(video['status'])
 
@@ -536,10 +538,26 @@ def _get_videos(course):
     """
     videos = list(get_videos_for_course(unicode(course.id), VideoSortField.created, SortDirection.desc))
 
+    # This is required to see if edx video pipeline is enabled while converting the video status.
+    course_video_upload_token = course.video_upload_pipeline.get('course_video_upload_token')
+
     # convert VAL's status to studio's Video Upload feature status.
     for video in videos:
-        video["status"] = convert_video_status(video)
+        # If we are using "new video workflow" and status is `transcription_in_progress` then video encodes are ready.
+        # This is because Transcription starts once all the encodes are complete except for YT, but according to
+        # "new video workflow" YT is disabled as well as deprecated. So, Its precise to say that the Transcription
+        # starts once all the encodings are complete *for the new video workflow*.
+        is_video_encodes_ready = not course_video_upload_token and video['status'] == 'transcription_in_progress'
+        # Update with transcript languages
         video['transcripts'] = get_available_transcript_languages(video_id=video['edx_video_id'])
+        # Transcription status should only be visible if 3rd party transcripts are pending.
+        video['transcription_status'] = (
+            StatusDisplayStrings.get(video['status'])
+            if not video['transcripts'] and is_video_encodes_ready else
+            ''
+        )
+        # Convert the video status.
+        video['status'] = convert_video_status(video, is_video_encodes_ready)
 
     return videos
 
@@ -556,7 +574,10 @@ def _get_index_videos(course):
     Returns the information about each video upload required for the video list
     """
     course_id = unicode(course.id)
-    attrs = ['edx_video_id', 'client_video_id', 'created', 'duration', 'status', 'courses', 'transcripts']
+    attrs = [
+        'edx_video_id', 'client_video_id', 'created', 'duration',
+        'status', 'courses', 'transcripts', 'transcription_status',
+    ]
 
     def _get_values(video):
         """
diff --git a/cms/static/js/views/previous_video_upload.js b/cms/static/js/views/previous_video_upload.js
index 755657f16c..1f7a46b38d 100644
--- a/cms/static/js/views/previous_video_upload.js
+++ b/cms/static/js/views/previous_video_upload.js
@@ -33,6 +33,7 @@ define(
                     transcripts: this.model.get('transcripts'),
                     edxVideoID: this.model.get('edx_video_id'),
                     clientVideoID: this.model.get('client_video_id'),
+                    transcriptionStatus: this.model.get('transcription_status'),
                     transcriptAvailableLanguages: options.transcriptAvailableLanguages,
                     videoSupportedFileFormats: options.videoSupportedFileFormats,
                     videoTranscriptSettings: options.videoTranscriptSettings
diff --git a/cms/static/js/views/video_transcripts.js b/cms/static/js/views/video_transcripts.js
index 3081fb2df7..8af5ae17bf 100644
--- a/cms/static/js/views/video_transcripts.js
+++ b/cms/static/js/views/video_transcripts.js
@@ -22,6 +22,7 @@ define(
                 this.transcripts = options.transcripts;
                 this.edxVideoID = options.edxVideoID;
                 this.clientVideoID = options.clientVideoID;
+                this.transcriptionStatus = options.transcriptionStatus;
                 this.transcriptAvailableLanguages = options.transcriptAvailableLanguages;
                 this.videoSupportedFileFormats = options.videoSupportedFileFormats;
                 this.videoTranscriptSettings = options.videoTranscriptSettings;
@@ -337,6 +338,7 @@ define(
                     this.$el,
                     this.template({
                         transcripts: this.transcripts,
+                        transcription_status: this.transcriptionStatus,
                         transcriptAvailableLanguages: this.transcriptAvailableLanguages,
                         edxVideoID: this.edxVideoID,
                         transcriptClientTitle: this.getTranscriptClientTitle(),
diff --git a/cms/templates/js/previous-video-upload-list.underscore b/cms/templates/js/previous-video-upload-list.underscore
index e3569d0403..5adb3e2119 100644
--- a/cms/templates/js/previous-video-upload-list.underscore
+++ b/cms/templates/js/previous-video-upload-list.underscore
@@ -15,8 +15,8 @@
                 <div class="video-head-col video-col date-col"><%- gettext("Date Added") %></div>
                 <div class="video-head-col video-col video-id-col"><%- gettext("Video ID") %></div>
                 <div class="video-head-col video-col transcripts-col"><%- gettext("Transcripts") %></div>
-                <div class="video-head-col video-col status-col"><%- gettext("Status") %></div>
-                <div  class="video-head-col video-col actions-col"><%- gettext("Action") %></div>
+                <div class="video-head-col video-col status-col"><%- gettext("Video Status") %></div>
+                <div class="video-head-col video-col actions-col"><%- gettext("Action") %></div>
             </div>
         </div>
         <div class="js-table-body"></div>
diff --git a/cms/templates/js/video-transcripts.underscore b/cms/templates/js/video-transcripts.underscore
index a5da745ebd..408deba307 100644
--- a/cms/templates/js/video-transcripts.underscore
+++ b/cms/templates/js/video-transcripts.underscore
@@ -8,6 +8,8 @@
         </span>
         </strong>
     </button>
+<% } else if (transcription_status) { %>
+    <span class='transcripts-empty-text'><%- transcription_status %></span>
 <% } else { %>
     <span class='transcripts-empty-text'><%- gettext('No transcript uploaded.') %></span>
 <% }%>